Compare Analysis of Mohawk Valley with 3.56% 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
    6 Month
    3.56%
    8.76x (National Avg. - 0.41%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.56%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,779 1,245
    2 51,779 1,842 1,289
    3 53,620 1,907 1,335
    4 55,528 1,975 1,383
    5 57,503 2,045 1,432
    6 59,548 2,118 1,483
    7 61,666 2,193 1,535
    8 63,860 2,271 1,590
    9 66,131 2,352 1,647
    10 68,483 2,436 1,705
    11 70,919 2,523 1,766
    12 73,442 2,612 1,829
    13 76,054 2,705 1,894
    14 78,760 2,801 1,961
    15 81,561 2,901 2,031
    16 84,462 3,004 2,103
    17 87,466 3,111 2,178
    18 90,578 3,222 2,255
    19 93,799 3,336 2,336
    20 97,136 3,455 2,419
    TOTAL $50,591 $35,414