Compare Savings vs. CDs
Comparison of Deposit Account from MINNEQUA WORKS with 3.91% - April 2024


Long-Term Analysis of MINNEQUA WORKS with 3.91% 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
    3.91%
    -
    $50,000
    60 Month
    Credit Union
    4.28x (National Avg. - 0.91%)
    $50,000
     
    SCENARIO
    Year Rate
    3.91%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,953 1,367
    2 51,953 2,029 1,420
    3 53,982 2,109 1,476
    4 56,091 2,191 1,534
    5 58,282 2,276 1,594
    6 60,558 2,365 1,656
    7 62,924 2,458 1,720
    8 65,381 2,554 1,788
    9 67,935 2,654 1,857
    10 70,589 2,757 1,930
    11 73,346 2,865 2,005
    12 76,211 2,977 2,084
    13 79,188 3,093 2,165
    14 82,281 3,214 2,250
    15 85,495 3,339 2,338
    16 88,834 3,470 2,429
    17 92,304 3,605 2,524
    18 95,909 3,746 2,622
    19 99,656 3,893 2,725
    20 103,548 4,045 2,831
    TOTAL $57,593 $40,315

    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.