Compare Analysis of New England with 4.58% 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
    New England
    $50,000
    24 Month
    4.58%
    6.94x (National Avg. - 0.66%)
    $25,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    4.58%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,290 1,603
    2 52,290 2,395 1,676
    3 54,685 2,505 1,753
    4 57,189 2,619 1,833
    5 59,809 2,739 1,917
    6 62,548 2,865 2,005
    7 65,413 2,996 2,097
    8 68,409 3,133 2,193
    9 71,542 3,277 2,294
    10 74,818 3,427 2,399
    11 78,245 3,584 2,509
    12 81,829 3,748 2,623
    13 85,576 3,919 2,744
    14 89,496 4,099 2,869
    15 93,595 4,287 3,001
    16 97,881 4,483 3,138
    17 102,364 4,688 3,282
    18 107,053 4,903 3,432
    19 111,956 5,128 3,589
    20 117,083 5,362 3,754
    TOTAL $72,445 $50,712