Compare Savings vs. CDs
Comparison of Deposit Account from The Community Bank with 3.13% - November 2024


Long-Term Analysis of The Community Bank with 3.13% 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 SAVINGS
    3.13%
    -
    $50,000
    N.A.
    Bank
    13.85x (National Avg. - 0.23%)
    $0
     
    SCENARIO
    Year Rate
    3.13%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,565 1,096
    2 51,565 1,614 1,130
    3 53,179 1,665 1,165
    4 54,843 1,717 1,202
    5 56,560 1,770 1,239
    6 58,330 1,826 1,278
    7 60,156 1,883 1,318
    8 62,039 1,942 1,359
    9 63,981 2,003 1,402
    10 65,983 2,065 1,446
    11 68,049 2,130 1,491
    12 70,179 2,197 1,538
    13 72,375 2,265 1,586
    14 74,641 2,336 1,635
    15 76,977 2,409 1,687
    16 79,386 2,485 1,739
    17 81,871 2,563 1,794
    18 84,434 2,643 1,850
    19 87,076 2,725 1,908
    20 89,802 2,811 1,968
    TOTAL $42,613 $29,829

    All calculations are for demonstration purposes only.

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