Compare Savings vs. CDs
Comparison of Deposit Account from MCCOY with 2.32% - November 2024


Long-Term Analysis of MCCOY with 2.32% 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.

You May Choose More Savings or CD Products From Among these Popular Products to Compare

 
$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    LOCAL CD
    2.32%
    -
    $50,000
    24 Month
    Credit Union
    3.54x (National Avg. - 0.66%)
    $25,000
     
    SCENARIO
    Year Rate
    2.32%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,162 813
    2 51,162 1,189 832
    3 52,351 1,217 852
    4 53,568 1,245 871
    5 54,813 1,274 892
    6 56,086 1,303 912
    7 57,390 1,334 934
    8 58,724 1,365 955
    9 60,088 1,396 978
    10 61,485 1,429 1,000
    11 62,914 1,462 1,023
    12 64,376 1,496 1,047
    13 65,872 1,531 1,072
    14 67,403 1,566 1,097
    15 68,969 1,603 1,122
    16 70,572 1,640 1,148
    17 72,212 1,678 1,175
    18 73,890 1,717 1,202
    19 75,608 1,757 1,230
    20 77,365 1,798 1,259
    TOTAL $29,163 $20,414

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↑0.25% on October 28.
    6 Month Jumbo CD.

    Last change: ↓0.09% on October 17.
    3 Month CD.

    Last change: ↓0.15% on September 6.

    Last change: ↑0.20% on October 28.
    Early Withdrawal Penalty is 3 months interest.

    Last change: ↓0.50% on October 1.