Compare Analysis of The Fairfield National Bank with 2.92% 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 Fairfield National Bank
    $50,000
    60 Month
    2.92%
    3.18x (National Avg. - 0.92%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.92%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,460 1,022
    2 51,460 1,503 1,052
    3 52,963 1,547 1,083
    4 54,509 1,592 1,114
    5 56,101 1,638 1,147
    6 57,739 1,686 1,180
    7 59,425 1,735 1,215
    8 61,160 1,786 1,250
    9 62,946 1,838 1,287
    10 64,784 1,892 1,324
    11 66,676 1,947 1,363
    12 68,623 2,004 1,403
    13 70,626 2,062 1,444
    14 72,689 2,123 1,486
    15 74,811 2,184 1,529
    16 76,996 2,248 1,574
    17 79,244 2,314 1,620
    18 81,558 2,381 1,667
    19 83,939 2,451 1,716
    20 86,390 2,523 1,766
    TOTAL $38,913 $27,239