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Comparison of Deposit Account from First Bank Elk River with 1.26% - June 2025


Long-Term Analysis of First Bank Elk River with 1.26% APY and Farmers & Merchants Bank with 4.06% APY and Citibank, National Association with 3.00% 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
    First Bank Elk River
    1.26%
    -
    $50,000
    48 Month
    Bank
    1.54x (National Avg. - 0.82%)
    $10,000
     
    SCENARIO
    Year Rate
    1.26%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 630 441
    2 50,630 638 447
    3 51,268 646 452
    4 51,914 654 458
    5 52,568 662 464
    6 53,230 671 469
    7 53,901 679 475
    8 54,580 688 481
    9 55,268 696 487
    10 55,964 705 494
    11 56,669 714 500
    12 57,384 723 506
    13 58,107 732 512
    14 58,839 741 519
    15 59,580 751 525
    16 60,331 760 532
    17 61,091 770 539
    18 61,861 779 546
    19 62,640 789 552
    20 63,429 799 559
    TOTAL $14,229 $9,960
  • 2
    LOCAL CD
    Farmers & Merchants Bank
    4.06%
    -
    $50,000
    6 Month
    Bank
    9.93x (National Avg. - 0.41%)
    $1,000
     
    SCENARIO
    Year Rate
    4.06%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,030 1,421
    2 52,030 2,112 1,479
    3 54,142 2,198 1,539
    4 56,341 2,287 1,601
    5 58,628 2,380 1,666
    6 61,008 2,477 1,734
    7 63,485 2,578 1,804
    8 66,063 2,682 1,878
    9 68,745 2,791 1,954
    10 71,536 2,904 2,033
    11 74,440 3,022 2,116
    12 77,463 3,145 2,201
    13 80,608 3,273 2,291
    14 83,880 3,406 2,384
    15 87,286 3,544 2,481
    16 90,830 3,688 2,581
    17 94,517 3,837 2,686
    18 98,355 3,993 2,795
    19 102,348 4,155 2,909
    20 106,503 4,324 3,027
    TOTAL $60,827 $42,579
  • 3
    LOCAL CD
    Citibank, National Association
    3.00%
    -
    $50,000
    12 Month
    Bank
    5.43x (National Avg. - 0.55%)
    $0
     
    SCENARIO
    Year Rate
    3.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,500 1,050
    2 51,500 1,545 1,082
    3 53,045 1,591 1,114
    4 54,636 1,639 1,147
    5 56,275 1,688 1,182
    6 57,964 1,739 1,217
    7 59,703 1,791 1,254
    8 61,494 1,845 1,291
    9 63,339 1,900 1,330
    10 65,239 1,957 1,370
    11 67,196 2,016 1,411
    12 69,212 2,076 1,453
    13 71,288 2,139 1,497
    14 73,427 2,203 1,542
    15 75,629 2,269 1,588
    16 77,898 2,337 1,636
    17 80,235 2,407 1,685
    18 82,642 2,479 1,735
    19 85,122 2,554 1,788
    20 87,675 2,630 1,841
    TOTAL $40,306 $28,214

    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: ↑0.20% on April 9.

    Last change: ↑0.34% on May 27.
    Warning: Early Withdrawal Penalty is 180 days interest.

    Last change: ↑0.26% on April 9.
    Early Withdrawal Penalty is 6 months interest.

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