Compare Analysis of Simmesport State Bank with 1.61% 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
    Simmesport State Bank
    $50,000
    60 Month
    1.61%
    1.76x (National Avg. - 0.92%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.61%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 805 564
    2 50,805 818 573
    3 51,623 831 582
    4 52,454 845 591
    5 53,299 858 601
    6 54,157 872 610
    7 55,029 886 620
    8 55,915 900 630
    9 56,815 915 640
    10 57,730 929 651
    11 58,659 944 661
    12 59,603 960 672
    13 60,563 975 683
    14 61,538 991 694
    15 62,529 1,007 705
    16 63,536 1,023 716
    17 64,558 1,039 728
    18 65,598 1,056 739
    19 66,654 1,073 751
    20 67,727 1,090 763
    TOTAL $18,818 $13,172