Compare Analysis of New England with 2.42% 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
    48 Month
    2.42%
    2.97x (National Avg. - 0.82%)
    $25,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.42%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,210 847
    2 51,210 1,239 867
    3 52,449 1,269 888
    4 53,719 1,300 910
    5 55,019 1,331 932
    6 56,350 1,364 955
    7 57,714 1,397 978
    8 59,110 1,430 1,001
    9 60,541 1,465 1,026
    10 62,006 1,501 1,050
    11 63,506 1,537 1,076
    12 65,043 1,574 1,102
    13 66,617 1,612 1,128
    14 68,229 1,651 1,156
    15 69,881 1,691 1,184
    16 71,572 1,732 1,212
    17 73,304 1,774 1,242
    18 75,078 1,817 1,272
    19 76,895 1,861 1,303
    20 78,755 1,906 1,334
    TOTAL $30,661 $21,463