Compare Savings vs. CDs
Comparison of Deposit Account from Massena Savings and Loan with 4.64% - April 2024


Long-Term Analysis of Massena Savings and Loan with 4.64% 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
    4.64%
    -
    $50,000
    24 Month
    Bank
    7.08x (National Avg. - 0.66%)
    $1,000
     
    SCENARIO
    Year Rate
    4.64%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,320 1,624
    2 52,320 2,428 1,699
    3 54,748 2,540 1,778
    4 57,288 2,658 1,861
    5 59,946 2,781 1,947
    6 62,728 2,911 2,037
    7 65,638 3,046 2,132
    8 68,684 3,187 2,231
    9 71,871 3,335 2,334
    10 75,205 3,490 2,443
    11 78,695 3,651 2,556
    12 82,346 3,821 2,675
    13 86,167 3,998 2,799
    14 90,166 4,184 2,929
    15 94,349 4,378 3,064
    16 98,727 4,581 3,207
    17 103,308 4,793 3,355
    18 108,101 5,016 3,511
    19 113,117 5,249 3,674
    20 118,366 5,492 3,845
    TOTAL $73,858 $51,701

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

    Last change: ↑0.46% on December 15, 2023.
    3 Month CD.

    Last change: ↑0.60% on April 19.
    Warning: Early Withdrawal Penalty is 12 Months interest.

    Last change: ↑0.20% on September 8, 2023.
    6 Month CD.

    Last change: ↓0.05% on March 15.
    3 Month CD.