Compare Analysis of The Farmers & Merchants State Bank with 0.21% 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 Farmers & Merchants State Bank
    $50,000
    12 Month
    0.21%
    0.38x (National Avg. - 0.55%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.21%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 105 74
    2 50,105 105 74
    3 50,210 105 74
    4 50,316 106 74
    5 50,421 106 74
    6 50,527 106 74
    7 50,633 106 74
    8 50,740 107 75
    9 50,846 107 75
    10 50,953 107 75
    11 51,060 107 75
    12 51,167 107 75
    13 51,275 108 75
    14 51,382 108 76
    15 51,490 108 76
    16 51,598 108 76
    17 51,707 109 76
    18 51,815 109 76
    19 51,924 109 76
    20 52,033 109 76
    TOTAL $2,142 $1,500