Compare Analysis of The Farmers Bank with 0.90% 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
    $50,000
    24 Month
    0.90%
    1.38x (National Avg. - 0.65%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.90%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 452 316
    2 50,452 456 319
    3 50,907 460 322
    4 51,367 464 325
    5 51,831 468 328
    6 52,299 472 331
    7 52,771 477 334
    8 53,247 481 337
    9 53,728 485 340
    10 54,213 490 343
    11 54,703 494 346
    12 55,197 498 349
    13 55,695 503 352
    14 56,198 507 355
    15 56,706 512 358
    16 57,218 517 362
    17 57,734 521 365
    18 58,256 526 368
    19 58,782 531 372
    20 59,313 536 375
    TOTAL $9,848 $6,894