Compare Savings vs. CDs
Comparison of Deposit Account from MCCOY with 3.20% - November 2024


Long-Term Analysis of MCCOY with 3.20% 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
    3.20%
    -
    $50,000
    60 Month
    Credit Union
    3.49x (National Avg. - 0.92%)
    $100,000
     
    SCENARIO
    Year Rate
    3.20%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,598 1,119
    2 51,598 1,649 1,154
    3 53,247 1,702 1,191
    4 54,949 1,756 1,229
    5 56,705 1,812 1,269
    6 58,517 1,870 1,309
    7 60,388 1,930 1,351
    8 62,318 1,992 1,394
    9 64,309 2,055 1,439
    10 66,364 2,121 1,485
    11 68,486 2,189 1,532
    12 70,674 2,259 1,581
    13 72,933 2,331 1,632
    14 75,264 2,405 1,684
    15 77,669 2,482 1,738
    16 80,152 2,562 1,793
    17 82,713 2,644 1,850
    18 85,357 2,728 1,910
    19 88,085 2,815 1,971
    20 90,900 2,905 2,034
    TOTAL $43,805 $30,664

    All calculations are for demonstration purposes only.

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