Compare Analysis of Minnequa Works with 3.50% 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
    3.50%
    4.29x (National Avg. - 0.82%)
    $50,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.50%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,748 1,223
    2 51,748 1,809 1,266
    3 53,556 1,872 1,310
    4 55,428 1,937 1,356
    5 57,365 2,005 1,403
    6 59,370 2,075 1,452
    7 61,445 2,148 1,503
    8 63,592 2,223 1,556
    9 65,815 2,300 1,610
    10 68,115 2,381 1,666
    11 70,496 2,464 1,725
    12 72,960 2,550 1,785
    13 75,510 2,639 1,847
    14 78,149 2,731 1,912
    15 80,880 2,827 1,979
    16 83,707 2,926 2,048
    17 86,632 3,028 2,119
    18 89,660 3,134 2,194
    19 92,794 3,243 2,270
    20 96,037 3,356 2,350
    TOTAL $49,393 $34,575