Compare Savings vs. CDs
Comparison of Deposit Account from PALMETTO CITIZENS with 4.37% - April 2024


Long-Term Analysis of PALMETTO CITIZENS with 4.37% 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
    4.37%
    -
    $50,000
    12 Month
    Credit Union
    7.86x (National Avg. - 0.56%)
    $100,000
     
    SCENARIO
    Year Rate
    4.37%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,185 1,530
    2 52,185 2,280 1,596
    3 54,465 2,380 1,666
    4 56,846 2,484 1,739
    5 59,330 2,593 1,815
    6 61,922 2,706 1,894
    7 64,629 2,824 1,977
    8 67,453 2,948 2,063
    9 70,400 3,076 2,154
    10 73,477 3,211 2,248
    11 76,688 3,351 2,346
    12 80,039 3,498 2,448
    13 83,537 3,651 2,555
    14 87,187 3,810 2,667
    15 90,998 3,977 2,784
    16 94,974 4,150 2,905
    17 99,124 4,332 3,032
    18 103,456 4,521 3,165
    19 107,977 4,719 3,303
    20 112,696 4,925 3,447
    TOTAL $67,621 $47,334

    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.
    6 Month CD.

    Last change: ↓0.05% on March 15.
    3 Month CD.