Compare Analysis of Mohawk Valley with 4.70% 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
    Mohawk Valley
    $50,000
    12 Month
    4.70%
    8.51x (National Avg. - 0.55%)
    $5,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    4.70%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,349 1,644
    2 52,349 2,459 1,722
    3 54,808 2,575 1,802
    4 57,383 2,696 1,887
    5 60,079 2,823 1,976
    6 62,902 2,955 2,069
    7 65,857 3,094 2,166
    8 68,951 3,239 2,268
    9 72,190 3,391 2,374
    10 75,581 3,551 2,486
    11 79,132 3,718 2,602
    12 82,850 3,892 2,725
    13 86,742 4,075 2,853
    14 90,817 4,267 2,987
    15 95,084 4,467 3,127
    16 99,551 4,677 3,274
    17 104,228 4,897 3,428
    18 109,125 5,127 3,589
    19 114,251 5,368 3,757
    20 119,619 5,620 3,934
    TOTAL $75,238 $52,667