Compare Analysis of The Bank of Elk River with 0.95% 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
    The Bank of Elk River
    $50,000
    48 Month
    0.95%
    1.17x (National Avg. - 0.81%)
    $200
    Bank
    -
     
    SCENARIO
    Year Rate
    0.95%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 477 334
    2 50,477 482 337
    3 50,959 486 340
    4 51,445 491 344
    5 51,935 495 347
    6 52,431 500 350
    7 52,931 505 353
    8 53,436 510 357
    9 53,946 515 360
    10 54,461 520 364
    11 54,980 525 367
    12 55,505 530 371
    13 56,034 535 374
    14 56,569 540 378
    15 57,108 545 381
    16 57,653 550 385
    17 58,203 555 389
    18 58,758 561 392
    19 59,319 566 396
    20 59,885 571 400
    TOTAL $10,456 $7,319