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Comparison of Deposit Account from EvaBank with 5.09% - August 2025


Long-Term Analysis of MidWestOne Bank with 0.20% APY and Commerce Bank with 0.20% APY and EvaBank with 5.09% 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
    MidWestOne Bank
    0.20%
    -
    $50,000
    6 Month
    Bank
    0.49x (National Avg. - 0.41%)
    $100,000
     
    SCENARIO
    Year Rate
    0.20%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 100 70
    2 50,100 100 70
    3 50,200 100 70
    4 50,301 101 70
    5 50,401 101 71
    6 50,502 101 71
    7 50,603 101 71
    8 50,704 101 71
    9 50,806 102 71
    10 50,907 102 71
    11 51,009 102 71
    12 51,111 102 72
    13 51,213 102 72
    14 51,316 103 72
    15 51,418 103 72
    16 51,521 103 72
    17 51,624 103 72
    18 51,727 103 72
    19 51,831 104 73
    20 51,935 104 73
    TOTAL $2,038 $1,427
  • 2
    LOCAL CD
    Commerce Bank
    0.20%
    -
    $50,000
    6 Month
    Bank
    0.49x (National Avg. - 0.41%)
    $10,000
     
    SCENARIO
    Year Rate
    0.20%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 100 70
    2 50,100 100 70
    3 50,200 100 70
    4 50,301 101 70
    5 50,401 101 71
    6 50,502 101 71
    7 50,603 101 71
    8 50,704 101 71
    9 50,806 102 71
    10 50,907 102 71
    11 51,009 102 71
    12 51,111 102 72
    13 51,213 102 72
    14 51,316 103 72
    15 51,418 103 72
    16 51,521 103 72
    17 51,624 103 72
    18 51,727 103 72
    19 51,831 104 73
    20 51,935 104 73
    TOTAL $2,038 $1,427
  • 3
    LOCAL CD
    EvaBank
    5.09%
    -
    $50,000
    3 Month
    Bank
    2.30x (National Avg. - 2.21%)
    $500
     
    SCENARIO
    Year Rate
    5.09%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,545 1,782
    2 52,545 2,675 1,872
    3 55,220 2,811 1,967
    4 58,030 2,954 2,068
    5 60,984 3,104 2,173
    6 64,088 3,262 2,283
    7 67,350 3,428 2,400
    8 70,778 3,603 2,522
    9 74,381 3,786 2,650
    10 78,167 3,979 2,785
    11 82,146 4,181 2,927
    12 86,327 4,394 3,076
    13 90,721 4,618 3,232
    14 95,338 4,853 3,397
    15 100,191 5,100 3,570
    16 105,291 5,359 3,752
    17 110,650 5,632 3,942
    18 116,282 5,919 4,143
    19 122,201 6,220 4,354
    20 128,421 6,537 4,576
    TOTAL $84,958 $59,470

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

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

    Last change: ↑0.20% on January 18.

    Last change: ↑0.10% on July 13.

    Last change: ↑0.40% on June 24.
    Early withdrawal penalty is 3 Months' Interest.

    Last change: ↓0.05% on August 2.
    7-Month CD.

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