Compare Savings vs. CDs
Comparison of Deposit Account from MCS Bank with 4.68% - November 2024


Long-Term Analysis of MCS Bank with 4.68% 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
    4.68%
    -
    $50,000
    11 Month
    Bank
    N.A.
    $1,000
     
    SCENARIO
    Year Rate
    4.68%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,340 1,638
    2 52,340 2,450 1,715
    3 54,790 2,564 1,795
    4 57,354 2,684 1,879
    5 60,038 2,810 1,967
    6 62,848 2,941 2,059
    7 65,789 3,079 2,155
    8 68,868 3,223 2,256
    9 72,091 3,374 2,362
    10 75,465 3,532 2,472
    11 78,996 3,697 2,588
    12 82,693 3,870 2,709
    13 86,563 4,051 2,836
    14 90,615 4,241 2,969
    15 94,855 4,439 3,107
    16 99,295 4,647 3,253
    17 103,942 4,864 3,405
    18 108,806 5,092 3,564
    19 113,898 5,330 3,731
    20 119,229 5,580 3,906
    TOTAL $74,809 $52,366

    All calculations are for demonstration purposes only.

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