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Comparison of Deposit Account from First Bank of Central Ohio with 2.85% - March 2025

Long-Term Analysis of The Farmers & Merchants State Bank with 1.11% APY and First Bank of Central Ohio with 2.85% 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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Amount

Type

Term

State

Product Name

PRODUCT

BANK

APY

STATE

AMOUNT

TERM

BANK TYPE

VS.NAT.AV.

MIN

LOCAL CD

The Farmers & Merchants State Bank

1.11%

$50,000

60 Month

Bank

1.21x (National Avg. - 0.92%)

$10,000

SCENARIO

Year	Rate 1.11%	Annual Interest	Annual Interest (After Tax)
1	50,000	555	389
2	50,555	561	393
3	51,116	567	397
4	51,684	574	402
5	52,257	580	406
6	52,837	586	411
7	53,424	593	415
8	54,017	600	420
9	54,616	606	424
10	55,223	613	429
11	55,836	620	434
12	56,455	627	439
13	57,082	634	444
14	57,716	641	448
15	58,356	648	453
16	59,004	655	458
17	59,659	662	464
18	60,321	670	469
19	60,991	677	474
20	61,668	685	479
	TOTAL	$12,352	$8,647

LOCAL MONEY MARKET

First Bank of Central Ohio

2.85%

$50,000

N.A.

Bank

3.10x (National Avg. - 0.92%)

SCENARIO

Year	Rate 2.85%	Annual Interest	Annual Interest (After Tax)
1	50,000	1,425	998
2	51,425	1,466	1,026
3	52,891	1,507	1,055
4	54,398	1,550	1,085
5	55,948	1,595	1,116
6	57,543	1,640	1,148
7	59,183	1,687	1,181
8	60,870	1,735	1,214
9	62,604	1,784	1,249
10	64,389	1,835	1,285
11	66,224	1,887	1,321
12	68,111	1,941	1,359
13	70,052	1,996	1,398
14	72,049	2,053	1,437
15	74,102	2,112	1,478
16	76,214	2,172	1,520
17	78,386	2,234	1,564
18	80,620	2,298	1,608
19	82,918	2,363	1,654
20	85,281	2,431	1,701
	TOTAL	$37,711	$26,398

All calculations are for demonstration purposes only.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
My e-Banc, a division of Bradesco BAC Florida Bank	4.55%	$5,000	Learn More
Last change: ↑0.15% on March 22.
Brilliant Bank, a division of Equity Bank	4.55%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
ableBanking, a division of Northeast Bank	4.50%	$500	Learn More
Last change: ↑0.20% on January 18.
Bread Savings, a division of Bread Financial	4.50%	$1,500	Learn More
Last change: ↓0.15% on January 25.
Goldman Sachs Bank	4.50%	$500	Learn More
Last change: ↓0.50% on February 25.

Compare Savings vs. CDs Comparison of Deposit Account from First Bank of Central Ohio with 2.85% - March 2025

Long-Term Analysis of The Farmers & Merchants State Bank with 1.11% APY and First Bank of Central Ohio with 2.85% APY

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Compare Savings vs. CDs
Comparison of Deposit Account from First Bank of Central Ohio with 2.85% - March 2025