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Comparison of Deposit Account from Garrison State Bank and Trust with 1.70% - January 2021

Long-Term Analysis of Garrison State Bank and Trust with 1.70% 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 CD

Garrison State Bank and Trust

1.70%

$50,000

60 Month

Bank

2.14x (National Avg. - 0.80%)

$1,000

SCENARIO

Year	Rate 1.70%	Annual Interest	Annual Interest (After Tax)
1	50,000	850	595
2	50,850	864	605
3	51,714	879	615
4	52,594	894	626
5	53,488	909	637
6	54,397	925	647
7	55,322	940	658
8	56,262	956	670
9	57,219	973	681
10	58,191	989	692
11	59,181	1,006	704
12	60,187	1,023	716
13	61,210	1,041	728
14	62,250	1,058	741
15	63,309	1,076	753
16	64,385	1,095	766
17	65,479	1,113	779
18	66,593	1,132	792
19	67,725	1,151	806
20	68,876	1,171	820
	TOTAL	$20,047	$14,033

All calculations are for demonstration purposes only.

Compare Savings vs. CDs Comparison of Deposit Account from Garrison State Bank and Trust with 1.70% - January 2021

Long-Term Analysis of Garrison State Bank and Trust with 1.70% APY

Compare Savings vs. CDs
Comparison of Deposit Account from Garrison State Bank and Trust with 1.70% - January 2021