Compare Analysis of Minnequa Works with 3.44% APY

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

$
PRODUCT
BANK
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
BANK TYPE
STATE

All calculations are for demonstration purposes only."

  • 1
    LOCAL CD
    Minnequa Works
    $50,000
    48 Month
    3.44%
    4.23x (National Avg. - 0.82%)
    $2,500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.44%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,722 1,205
    2 51,722 1,781 1,247
    3 53,503 1,843 1,290
    4 55,346 1,906 1,334
    5 57,252 1,972 1,380
    6 59,224 2,040 1,428
    7 61,264 2,110 1,477
    8 63,373 2,183 1,528
    9 65,556 2,258 1,580
    10 67,814 2,336 1,635
    11 70,149 2,416 1,691
    12 72,565 2,499 1,749
    13 75,064 2,585 1,810
    14 77,650 2,674 1,872
    15 80,324 2,766 1,936
    16 83,090 2,862 2,003
    17 85,952 2,960 2,072
    18 88,912 3,062 2,143
    19 91,974 3,168 2,217
    20 95,142 3,277 2,294
    TOTAL $48,418 $33,893
  • 1