Compare Savings vs. CDs
Comparison of Deposit Account from MINNEQUA WORKS with 3.44% - May 2024


Long-Term Analysis of MINNEQUA WORKS with 3.44% 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
    3.44%
    -
    $50,000
    36 Month
    Credit Union
    4.60x (National Avg. - 0.75%)
    $50,000
     
    SCENARIO
    Year Rate
    3.44%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,722 1,205
    2 51,722 1,781 1,247
    3 53,503 1,843 1,290
    4 55,346 1,906 1,334
    5 57,252 1,972 1,380
    6 59,224 2,040 1,428
    7 61,264 2,110 1,477
    8 63,373 2,183 1,528
    9 65,556 2,258 1,580
    10 67,814 2,336 1,635
    11 70,149 2,416 1,691
    12 72,565 2,499 1,749
    13 75,064 2,585 1,810
    14 77,650 2,674 1,872
    15 80,324 2,766 1,936
    16 83,090 2,862 2,003
    17 85,952 2,960 2,072
    18 88,912 3,062 2,143
    19 91,974 3,168 2,217
    20 95,142 3,277 2,294
    TOTAL $48,418 $33,893

    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.