Compare Savings vs. CDs
Comparison of Deposit Account from Elgin State Bank with 1.15% - December 2024


Long-Term Analysis of Elgin State Bank with 1.15% 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.

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$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    LOCAL CD
    1.15%
    -
    $50,000
    60 Month
    Bank
    1.26x (National Avg. - 0.92%)
    $1,000
     
    SCENARIO
    Year Rate
    1.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 577 404
    2 50,577 583 408
    3 51,160 590 413
    4 51,750 597 418
    5 52,346 604 422
    6 52,950 611 427
    7 53,560 618 432
    8 54,178 625 437
    9 54,802 632 442
    10 55,434 639 447
    11 56,074 647 453
    12 56,720 654 458
    13 57,374 662 463
    14 58,036 669 468
    15 58,705 677 474
    16 59,382 685 479
    17 60,066 693 485
    18 60,759 701 490
    19 61,459 709 496
    20 62,168 717 502
    TOTAL $12,885 $9,019

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↓0.09% on October 17.
    3 Month CD.

    Last change: ↓0.09% on December 7.
    6 Month Jumbo CD.

    Last change: ↑0.25% on November 25.

    Last change: ↑0.70% on December 7.

    Last change: ↓0.05% on December 4.