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Comparison of Deposit Account from FIRST NEW YORK with 0.12% - August 2022

Long-Term Analysis of FIRST NEW YORK with 0.12% 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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Amount

Type

Term

State

Product Name

PRODUCT

BANK

APY

STATE

AMOUNT

TERM

BANK TYPE

VS.NAT.AV.

MIN

LOCAL CD

FIRST NEW YORK

0.12%

$50,000

6 Month

Credit Union

0.44x (National Avg. - 0.27%)

$100,000

SCENARIO

Year	Rate 0.12%	Annual Interest	Annual Interest (After Tax)
1	50,000	60	42
2	50,060	60	42
3	50,120	60	42
4	50,180	60	42
5	50,240	60	42
6	50,301	60	42
7	50,361	60	42
8	50,422	61	42
9	50,482	61	42
10	50,543	61	42
11	50,603	61	43
12	50,664	61	43
13	50,725	61	43
14	50,786	61	43
15	50,847	61	43
16	50,908	61	43
17	50,969	61	43
18	51,030	61	43
19	51,091	61	43
20	51,152	61	43
	TOTAL	$1,214	$850

All calculations are for demonstration purposes only.

Compare Savings vs. CDs Comparison of Deposit Account from FIRST NEW YORK with 0.12% - August 2022

Long-Term Analysis of FIRST NEW YORK with 0.12% APY

Compare Savings vs. CDs
Comparison of Deposit Account from FIRST NEW YORK with 0.12% - August 2022