Compare Savings vs. CDs
Comparison of Deposit Account from Frontier State Bank with 2.62% - December 2024


Long-Term Analysis of Frontier State Bank with 2.62% 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
    2.62%
    -
    $50,000
    18 Month
    Bank
    4.55x (National Avg. - 0.58%)
    $1,000
     
    SCENARIO
    Year Rate
    2.62%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,310 917
    2 51,310 1,344 941
    3 52,654 1,380 966
    4 54,034 1,416 991
    5 55,450 1,453 1,017
    6 56,902 1,491 1,044
    7 58,393 1,530 1,071
    8 59,923 1,570 1,099
    9 61,493 1,611 1,128
    10 63,104 1,653 1,157
    11 64,758 1,697 1,188
    12 66,454 1,741 1,219
    13 68,195 1,787 1,251
    14 69,982 1,834 1,283
    15 71,815 1,882 1,317
    16 73,697 1,931 1,352
    17 75,628 1,981 1,387
    18 77,609 2,033 1,423
    19 79,643 2,087 1,461
    20 81,729 2,141 1,499
    TOTAL $33,871 $23,709

    All calculations are for demonstration purposes only.

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