Compare Analysis of First Bank with 0.55% 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
    First Bank
    $50,000
    60 Month
    0.55%
    0.60x (National Avg. - 0.92%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.55%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 276 193
    2 50,276 278 194
    3 50,554 279 195
    4 50,833 281 196
    5 51,113 282 198
    6 51,395 284 199
    7 51,679 285 200
    8 51,964 287 201
    9 52,251 288 202
    10 52,540 290 203
    11 52,830 292 204
    12 53,121 293 205
    13 53,414 295 206
    14 53,709 296 208
    15 54,006 298 209
    16 54,304 300 210
    17 54,604 301 211
    18 54,905 303 212
    19 55,208 305 213
    20 55,513 306 215
    TOTAL $5,819 $4,073