Compare Savings vs. CDs
Comparison of Deposit Account from The Farmers Bank with 1.06% - April 2025


Long-Term Analysis of High Plains Bank with 0.09% APY and The Farmers Bank with 1.06% 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
    0.09%
    -
    $50,000
    48 Month
    Bank
    0.11x (National Avg. - 0.82%)
    $100,000
     
    SCENARIO
    Year Rate
    0.09%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 45 32
    2 50,045 45 32
    3 50,090 45 32
    4 50,135 45 32
    5 50,180 45 32
    6 50,225 45 32
    7 50,271 45 32
    8 50,316 45 32
    9 50,361 45 32
    10 50,406 45 32
    11 50,452 45 32
    12 50,497 45 32
    13 50,543 45 32
    14 50,588 46 32
    15 50,634 46 32
    16 50,679 46 32
    17 50,725 46 32
    18 50,771 46 32
    19 50,816 46 32
    20 50,862 46 32
    TOTAL $908 $635
  • 2
    LOCAL CD
    1.06%
    -
    $50,000
    48 Month
    Bank
    1.29x (National Avg. - 0.82%)
    $10,000
     
    SCENARIO
    Year Rate
    1.06%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 528 369
    2 50,528 533 373
    3 51,061 539 377
    4 51,599 544 381
    5 52,144 550 385
    6 52,694 556 389
    7 53,250 562 393
    8 53,811 568 397
    9 54,379 574 402
    10 54,953 580 406
    11 55,533 586 410
    12 56,118 592 414
    13 56,711 598 419
    14 57,309 605 423
    15 57,913 611 428
    16 58,524 617 432
    17 59,142 624 437
    18 59,766 631 441
    19 60,396 637 446
    20 61,034 644 451
    TOTAL $11,677 $8,174

    All calculations are for demonstration purposes only.

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