Compare Analysis of Northwoods with 1.51% 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
    Northwoods
    $50,000
    60 Month
    1.51%
    1.65x (National Avg. - 0.92%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.51%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 754 528
    2 50,754 765 536
    3 51,519 777 544
    4 52,296 789 552
    5 53,085 801 560
    6 53,885 813 569
    7 54,698 825 577
    8 55,523 837 586
    9 56,360 850 595
    10 57,210 863 604
    11 58,073 876 613
    12 58,949 889 622
    13 59,837 902 632
    14 60,740 916 641
    15 61,656 930 651
    16 62,586 944 661
    17 63,529 958 671
    18 64,487 972 681
    19 65,460 987 691
    20 66,447 1,002 701
    TOTAL $17,449 $12,214