Compare Analysis of Mohawk Valley with 3.04% 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
    36 Month
    3.04%
    4.03x (National Avg. - 0.75%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.04%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,521 1,065
    2 51,521 1,567 1,097
    3 53,088 1,615 1,130
    4 54,703 1,664 1,165
    5 56,367 1,715 1,200
    6 58,082 1,767 1,237
    7 59,849 1,821 1,274
    8 61,669 1,876 1,313
    9 63,545 1,933 1,353
    10 65,478 1,992 1,394
    11 67,470 2,052 1,437
    12 69,523 2,115 1,480
    13 71,638 2,179 1,525
    14 73,817 2,246 1,572
    15 76,062 2,314 1,620
    16 78,376 2,384 1,669
    17 80,760 2,457 1,720
    18 83,217 2,531 1,772
    19 85,749 2,608 1,826
    20 88,357 2,688 1,881
    TOTAL $41,045 $28,731