Compare Analysis of The First State Bank of Shelby with 0.91% 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 First State Bank of Shelby
    $50,000
    30 Month
    0.91%
    N.A.
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    0.91%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 457 320
    2 50,457 461 323
    3 50,918 465 326
    4 51,384 470 329
    5 51,853 474 332
    6 52,327 478 335
    7 52,805 483 338
    8 53,288 487 341
    9 53,775 492 344
    10 54,267 496 347
    11 54,763 501 350
    12 55,263 505 354
    13 55,768 510 357
    14 56,278 514 360
    15 56,792 519 363
    16 57,311 524 367
    17 57,835 529 370
    18 58,364 533 373
    19 58,897 538 377
    20 59,436 543 380
    TOTAL $9,979 $6,985