Compare Analysis of Suma Yonkers with 4.08% 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.

$
PRODUCT
BANK
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
BANK TYPE
STATE

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    $50,000
    60 Month
    4.08%
    4.48x (National Avg. - 0.91%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    4.08%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,040 1,428
    2 52,040 2,123 1,486
    3 54,163 2,210 1,547
    4 56,373 2,300 1,610
    5 58,673 2,394 1,676
    6 61,067 2,492 1,744
    7 63,559 2,593 1,815
    8 66,152 2,699 1,889
    9 68,851 2,809 1,966
    10 71,660 2,924 2,047
    11 74,584 3,043 2,130
    12 77,627 3,167 2,217
    13 80,794 3,296 2,307
    14 84,090 3,431 2,402
    15 87,521 3,571 2,500
    16 91,092 3,717 2,602
    17 94,808 3,868 2,708
    18 98,677 4,026 2,818
    19 102,703 4,190 2,933
    20 106,893 4,361 3,053
    TOTAL $61,254 $42,878