Compare Savings vs. CDs
Comparison of Deposit Account from MCCOY with 2.17% - November 2024


Long-Term Analysis of MCCOY with 2.17% 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
    2.17%
    -
    $50,000
    13 Month
    Credit Union
    N.A.
    $1,000
     
    SCENARIO
    Year Rate
    2.17%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,086 760
    2 51,086 1,109 776
    3 52,195 1,133 793
    4 53,328 1,158 810
    5 54,485 1,183 828
    6 55,668 1,209 846
    7 56,877 1,235 864
    8 58,112 1,262 883
    9 59,373 1,289 902
    10 60,662 1,317 922
    11 61,979 1,346 942
    12 63,325 1,375 962
    13 64,700 1,405 983
    14 66,104 1,435 1,005
    15 67,539 1,466 1,026
    16 69,006 1,498 1,049
    17 70,504 1,531 1,071
    18 72,034 1,564 1,095
    19 73,598 1,598 1,118
    20 75,196 1,633 1,143
    TOTAL $26,829 $18,780

    All calculations are for demonstration purposes only.

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