Compare Savings vs. CDs
Comparison of Deposit Account from MCCOY with 4.86% - May 2024


Long-Term Analysis of MCCOY with 4.86% 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
    4.86%
    -
    $50,000
    15 Month
    Credit Union
    N.A.
    $1,000
     
    SCENARIO
    Year Rate
    4.86%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,428 1,699
    2 52,428 2,545 1,782
    3 54,973 2,669 1,868
    4 57,642 2,799 1,959
    5 60,440 2,934 2,054
    6 63,375 3,077 2,154
    7 66,452 3,226 2,258
    8 69,678 3,383 2,368
    9 73,061 3,547 2,483
    10 76,608 3,719 2,604
    11 80,327 3,900 2,730
    12 84,227 4,089 2,862
    13 88,316 4,288 3,001
    14 92,604 4,496 3,147
    15 97,100 4,714 3,300
    16 101,814 4,943 3,460
    17 106,757 5,183 3,628
    18 111,940 5,435 3,804
    19 117,375 5,699 3,989
    20 123,073 5,975 4,183
    TOTAL $79,048 $55,334

    All calculations are for demonstration purposes only.

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