Compare Savings vs. CDs
Comparison of Deposit Account from GROW FINANCIAL with 2.17% - May 2025


Long-Term Analysis of GROW FINANCIAL with 2.17% APY and Associated Bank, National Association with 0.01% APY and The Farmers & Merchants Bank of North Dakota with 0.20% APY and UKRAINIAN with 1.00% 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 MONEY MARKET
    2.17%
    -
    $50,000
    N.A.
    Credit Union
    N.A.
    $250,000
     
    SCENARIO
    Year Rate
    2.17%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,085 760
    2 51,085 1,109 776
    3 52,194 1,133 793
    4 53,326 1,157 810
    5 54,483 1,182 828
    6 55,666 1,208 846
    7 56,874 1,234 864
    8 58,108 1,261 883
    9 59,369 1,288 902
    10 60,657 1,316 921
    11 61,973 1,345 941
    12 63,318 1,374 962
    13 64,692 1,404 983
    14 66,096 1,434 1,004
    15 67,530 1,465 1,026
    16 68,996 1,497 1,048
    17 70,493 1,530 1,071
    18 72,022 1,563 1,094
    19 73,585 1,597 1,118
    20 75,182 1,631 1,142
    TOTAL $26,814 $18,769
  • 2
    LOCAL CD
    0.01%
    -
    $50,000
    60 Month
    Bank
    0.01x (National Avg. - 0.92%)
    $10,000
     
    SCENARIO
    Year Rate
    0.01%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 5 4
    2 50,005 5 4
    3 50,010 5 4
    4 50,015 5 4
    5 50,020 5 4
    6 50,025 5 4
    7 50,030 5 4
    8 50,035 5 4
    9 50,040 5 4
    10 50,045 5 4
    11 50,050 5 4
    12 50,055 5 4
    13 50,060 5 4
    14 50,065 5 4
    15 50,070 5 4
    16 50,075 5 4
    17 50,080 5 4
    18 50,085 5 4
    19 50,090 5 4
    20 50,095 5 4
    TOTAL $100 $70
  • 3
    LOCAL MONEY MARKET
    0.20%
    -
    $50,000
    N.A.
    Bank
    0.22x (National Avg. - 0.92%)
    $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
  • 4
    LOCAL CD
    1.00%
    -
    $50,000
    36 Month
    Credit Union
    1.33x (National Avg. - 0.75%)
    $10,000
     
    SCENARIO
    Year Rate
    1.00%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 500 350
    2 50,500 505 354
    3 51,005 510 357
    4 51,515 515 361
    5 52,030 520 364
    6 52,551 526 368
    7 53,076 531 372
    8 53,607 536 375
    9 54,143 541 379
    10 54,684 547 383
    11 55,231 552 387
    12 55,783 558 390
    13 56,341 563 394
    14 56,905 569 398
    15 57,474 575 402
    16 58,048 580 406
    17 58,629 586 410
    18 59,215 592 415
    19 59,807 598 419
    20 60,405 604 423
    TOTAL $11,010 $7,707

    All calculations are for demonstration purposes only.

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