Compare Savings vs. CDs
Comparison of Deposit Account from Summit National Bank with 0.75% - March 2025


Long-Term Analysis of Summit National Bank with 0.75% APY and Banner Bank with 3.82% 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
    0.75%
    -
    $50,000
    12 Month
    Bank
    1.36x (National Avg. - 0.55%)
    $100,000
     
    SCENARIO
    Year Rate
    0.75%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 375 263
    2 50,375 378 264
    3 50,753 381 266
    4 51,133 384 268
    5 51,517 386 270
    6 51,903 389 272
    7 52,293 392 275
    8 52,685 395 277
    9 53,080 398 279
    10 53,478 401 281
    11 53,879 404 283
    12 54,283 407 285
    13 54,690 410 287
    14 55,101 413 289
    15 55,514 416 291
    16 55,930 419 294
    17 56,350 423 296
    18 56,772 426 298
    19 57,198 429 300
    20 57,627 432 303
    TOTAL $8,059 $5,641
  • 2
    LOCAL CD
    3.82%
    -
    $50,000
    7 Month
    Bank
    N.A.
    $2,500
     
    SCENARIO
    Year Rate
    3.82%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,910 1,337
    2 51,910 1,983 1,388
    3 53,893 2,059 1,441
    4 55,952 2,137 1,496
    5 58,089 2,219 1,553
    6 60,308 2,304 1,613
    7 62,612 2,392 1,674
    8 65,004 2,483 1,738
    9 67,487 2,578 1,805
    10 70,065 2,676 1,874
    11 72,741 2,779 1,945
    12 75,520 2,885 2,019
    13 78,405 2,995 2,097
    14 81,400 3,109 2,177
    15 84,509 3,228 2,260
    16 87,738 3,352 2,346
    17 91,089 3,480 2,436
    18 94,569 3,613 2,529
    19 98,181 3,751 2,625
    20 101,932 3,894 2,726
    TOTAL $55,826 $39,078

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↑0.15% on March 22.

    Last change: ↓0.50% on October 1, 2024.

    Last change: ↑0.20% on January 18.

    Last change: ↓0.15% on January 25.

    Last change: ↓0.50% on February 25.