Compare Savings vs. CDs
Comparison of Deposit Account from CONNEXUS with 3.42% - November 2024


Long-Term Analysis of CONNEXUS with 3.42% 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.

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$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    LOCAL CD
    3.42%
    -
    $50,000
    12 Month
    Credit Union
    6.20x (National Avg. - 0.55%)
    $5,000
     
    SCENARIO
    Year Rate
    3.42%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,710 1,197
    2 51,710 1,768 1,238
    3 53,478 1,829 1,280
    4 55,307 1,892 1,324
    5 57,199 1,956 1,369
    6 59,155 2,023 1,416
    7 61,178 2,092 1,465
    8 63,271 2,164 1,515
    9 65,434 2,238 1,567
    10 67,672 2,314 1,620
    11 69,987 2,394 1,675
    12 72,380 2,475 1,733
    13 74,856 2,560 1,792
    14 77,416 2,648 1,853
    15 80,063 2,738 1,917
    16 82,801 2,832 1,982
    17 85,633 2,929 2,050
    18 88,562 3,029 2,120
    19 91,591 3,132 2,193
    20 94,723 3,240 2,268
    TOTAL $47,963 $33,574

    All calculations are for demonstration purposes only.

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