Compare Savings vs. CDs
Comparison of Deposit Account from The Farmers Bank with 0.61% - December 2024


Long-Term Analysis of The Farmers Bank with 0.61% 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.

You May Choose More Savings or CD Products From Among these Popular Products to Compare

 
$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    LOCAL CD
    0.61%
    -
    $50,000
    6 Month
    Bank
    1.51x (National Avg. - 0.41%)
    $10,000
     
    SCENARIO
    Year Rate
    0.61%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 306 214
    2 50,306 307 215
    3 50,613 309 216
    4 50,922 311 218
    5 51,233 313 219
    6 51,546 315 220
    7 51,861 317 222
    8 52,178 319 223
    9 52,497 321 225
    10 52,818 323 226
    11 53,140 325 227
    12 53,465 327 229
    13 53,792 329 230
    14 54,120 331 231
    15 54,451 333 233
    16 54,784 335 234
    17 55,119 337 236
    18 55,455 339 237
    19 55,794 341 239
    20 56,135 343 240
    TOTAL $6,478 $4,535

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↓0.09% on October 17.
    3 Month CD.

    Last change: ↓0.09% on December 7.
    6 Month Jumbo CD.

    Last change: ↑0.25% on November 25.

    Last change: ↑0.70% on December 7.

    Last change: ↓0.05% on December 4.