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Comparison of Deposit Account from Wakefield Co-operative Bank with 2.25% - April 2025

Long-Term Analysis of First Federal Savings Bank with 0.03% APY and Wakefield Co-operative Bank with 2.25% APY and First Federal Savings Bank with 0.05% APY and First Federal Savings Bank with 4.02% 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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Amount

Type

Term

State

Product Name

PRODUCT

BANK

APY

STATE

AMOUNT

TERM

BANK TYPE

VS.NAT.AV.

MIN

LOCAL SAVINGS

First Federal Savings Bank

0.03%

$50,000

N.A.

Bank

0.13x (National Avg. - 0.23%)

SCENARIO

Year	Rate 0.03%	Annual Interest	Annual Interest (After Tax)
1	50,000	15	11
2	50,015	15	11
3	50,030	15	11
4	50,045	15	11
5	50,060	15	11
6	50,075	15	11
7	50,090	15	11
8	50,105	15	11
9	50,120	15	11
10	50,135	15	11
11	50,150	15	11
12	50,165	15	11
13	50,180	15	11
14	50,195	15	11
15	50,210	15	11
16	50,225	15	11
17	50,241	15	11
18	50,256	15	11
19	50,271	15	11
20	50,286	15	11
	TOTAL	$301	$211

LOCAL MONEY MARKET

Wakefield Co-operative Bank

2.25%

$50,000

N.A.

Bank

10.00x (National Avg. - 0.23%)

$750,000

SCENARIO

Year	Rate 2.25%	Annual Interest	Annual Interest (After Tax)
1	50,000	1,125	788
2	51,125	1,150	805
3	52,275	1,176	823
4	53,452	1,203	842
5	54,654	1,230	861
6	55,884	1,257	880
7	57,141	1,286	900
8	58,427	1,315	920
9	59,742	1,344	941
10	61,086	1,374	962
11	62,460	1,405	984
12	63,866	1,437	1,006
13	65,302	1,469	1,029
14	66,772	1,502	1,052
15	68,274	1,536	1,075
16	69,810	1,571	1,100
17	71,381	1,606	1,124
18	72,987	1,642	1,150
19	74,629	1,679	1,175
20	76,309	1,717	1,202
	TOTAL	$28,025	$19,618

LOCAL MONEY MARKET

First Federal Savings Bank

0.05%

$50,000

N.A.

Bank

0.22x (National Avg. - 0.23%)

SCENARIO

Year	Rate 0.05%	Annual Interest	Annual Interest (After Tax)
1	50,000	25	18
2	50,025	25	18
3	50,050	25	18
4	50,075	25	18
5	50,100	25	18
6	50,125	25	18
7	50,150	25	18
8	50,175	25	18
9	50,200	25	18
10	50,225	25	18
11	50,251	25	18
12	50,276	25	18
13	50,301	25	18
14	50,326	25	18
15	50,351	25	18
16	50,376	25	18
17	50,402	25	18
18	50,427	25	18
19	50,452	25	18
20	50,477	25	18
	TOTAL	$502	$352

LOCAL CD

First Federal Savings Bank

4.02%

$50,000

3 Month

Bank

1.83x (National Avg. - 2.20%)

$500

SCENARIO

Year	Rate 4.02%	Annual Interest	Annual Interest (After Tax)
1	50,000	2,010	1,407
2	52,010	2,091	1,464
3	54,101	2,175	1,522
4	56,276	2,262	1,584
5	58,538	2,353	1,647
6	60,891	2,448	1,713
7	63,339	2,546	1,782
8	65,885	2,649	1,854
9	68,534	2,755	1,929
10	71,289	2,866	2,006
11	74,155	2,981	2,087
12	77,136	3,101	2,171
13	80,237	3,226	2,258
14	83,462	3,355	2,349
15	86,817	3,490	2,443
16	90,307	3,630	2,541
17	93,938	3,776	2,643
18	97,714	3,928	2,750
19	101,642	4,086	2,860
20	105,728	4,250	2,975
	TOTAL	$59,978	$41,985

All calculations are for demonstration purposes only.

Featured CD Rates

ONLINE BANKS	APY^?	MIN^?
My e-Banc, a division of Bradesco BAC Florida Bank	4.55%	$5,000	Learn More
Last change: ↑0.15% on March 22.
Brilliant Bank, a division of Equity Bank	4.55%	$1,000	Learn More
Last change: ↓0.50% on October 1, 2024.
ableBanking, a division of Northeast Bank	4.50%	$500	Learn More
Last change: ↑0.20% on January 18.
Bread Savings, a division of Bread Financial	4.50%	$1,500	Learn More
Last change: ↓0.15% on January 25.
Goldman Sachs Bank	4.50%	$500	Learn More
Last change: ↓0.50% on February 25.

Compare Savings vs. CDs Comparison of Deposit Account from Wakefield Co-operative Bank with 2.25% - April 2025

Long-Term Analysis of First Federal Savings Bank with 0.03% APY and Wakefield Co-operative Bank with 2.25% APY and First Federal Savings Bank with 0.05% APY and First Federal Savings Bank with 4.02% APY

Featured CD Rates

Compare Savings vs. CDs
Comparison of Deposit Account from Wakefield Co-operative Bank with 2.25% - April 2025