Compare Savings vs. CDs
Comparison of Deposit Account from MINNEQUA WORKS with 3.50% - November 2024


Long-Term Analysis of MINNEQUA WORKS with 3.50% 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
    3.50%
    -
    $50,000
    48 Month
    Credit Union
    4.30x (National Avg. - 0.81%)
    $50,000
     
    SCENARIO
    Year Rate
    3.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,748 1,223
    2 51,748 1,809 1,266
    3 53,556 1,872 1,310
    4 55,428 1,937 1,356
    5 57,365 2,005 1,403
    6 59,370 2,075 1,452
    7 61,445 2,148 1,503
    8 63,592 2,223 1,556
    9 65,815 2,300 1,610
    10 68,115 2,381 1,666
    11 70,496 2,464 1,725
    12 72,960 2,550 1,785
    13 75,510 2,639 1,847
    14 78,149 2,731 1,912
    15 80,880 2,827 1,979
    16 83,707 2,926 2,048
    17 86,632 3,028 2,119
    18 89,660 3,134 2,194
    19 92,794 3,243 2,270
    20 96,037 3,356 2,350
    TOTAL $49,393 $34,575

    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: ↓0.05% on September 27.

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