Compare Savings vs. CDs
Comparison of Deposit Account from Presidential Bank, FSB with 4.65% - November 2024


Long-Term Analysis of Presidential Bank, FSB with 4.65% 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
    4.65%
    -
    $50,000
    24 Month
    Bank
    7.08x (National Avg. - 0.66%)
    $1,000
     
    SCENARIO
    Year Rate
    4.65%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,325 1,628
    2 52,325 2,433 1,703
    3 54,758 2,546 1,782
    4 57,304 2,665 1,865
    5 59,969 2,789 1,952
    6 62,758 2,918 2,043
    7 65,676 3,054 2,138
    8 68,730 3,196 2,237
    9 71,926 3,345 2,341
    10 75,270 3,500 2,450
    11 78,770 3,663 2,564
    12 82,433 3,833 2,683
    13 86,266 4,011 2,808
    14 90,278 4,198 2,939
    15 94,476 4,393 3,075
    16 98,869 4,597 3,218
    17 103,466 4,811 3,368
    18 108,277 5,035 3,524
    19 113,312 5,269 3,688
    20 118,581 5,514 3,860
    TOTAL $74,095 $51,867

    All calculations are for demonstration purposes only.

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