Compare Savings vs. CDs
Comparison of Deposit Account from Premier Bank with 5.21% - November 2024


Long-Term Analysis of Premier Bank with 5.21% 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
    5.21%
    -
    $50,000
    8 Month
    Bank
    N.A.
    $500
     
    SCENARIO
    Year Rate
    5.21%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,605 1,824
    2 52,605 2,741 1,919
    3 55,346 2,884 2,018
    4 58,229 3,034 2,124
    5 61,263 3,192 2,234
    6 64,455 3,358 2,351
    7 67,813 3,533 2,473
    8 71,346 3,717 2,602
    9 75,063 3,911 2,738
    10 78,974 4,115 2,880
    11 83,088 4,329 3,030
    12 87,417 4,554 3,188
    13 91,972 4,792 3,354
    14 96,763 5,041 3,529
    15 101,805 5,304 3,713
    16 107,109 5,580 3,906
    17 112,689 5,871 4,110
    18 118,560 6,177 4,324
    19 124,737 6,499 4,549
    20 131,236 6,837 4,786
    TOTAL $88,074 $61,651

    All calculations are for demonstration purposes only.

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