Compare Savings vs. CDs
Comparison of Deposit Account from First Bank with 2.63% - April 2024


Long-Term Analysis of First Bank with 2.63% 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
    2.63%
    -
    $50,000
    6 Month
    Bank
    6.59x (National Avg. - 0.40%)
    $500
     
    SCENARIO
    Year Rate
    2.63%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,315 921
    2 51,315 1,350 945
    3 52,665 1,385 970
    4 54,050 1,422 995
    5 55,471 1,459 1,021
    6 56,930 1,497 1,048
    7 58,427 1,537 1,076
    8 59,964 1,577 1,104
    9 61,541 1,619 1,133
    10 63,160 1,661 1,163
    11 64,821 1,705 1,193
    12 66,525 1,750 1,225
    13 68,275 1,796 1,257
    14 70,071 1,843 1,290
    15 71,914 1,891 1,324
    16 73,805 1,941 1,359
    17 75,746 1,992 1,394
    18 77,738 2,045 1,431
    19 79,783 2,098 1,469
    20 81,881 2,153 1,507
    TOTAL $34,034 $23,824

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

    Last change: ↑0.46% on December 15, 2023.
    3 Month CD.

    Last change: ↑0.60% on April 19.
    Warning: Early Withdrawal Penalty is 12 Months interest.

    Last change: ↑0.20% on September 8, 2023.
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    Last change: ↓0.05% on March 15.
    3 Month CD.