Compare Savings vs. CDs
Comparison of Deposit Account from PALMETTO CITIZENS with 3.49% - May 2024


Long-Term Analysis of PALMETTO CITIZENS with 3.49% 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
    3.49%
    -
    $50,000
    48 Month
    Credit Union
    4.31x (National Avg. - 0.81%)
    $100,000
     
    SCENARIO
    Year Rate
    3.49%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,745 1,222
    2 51,745 1,806 1,264
    3 53,551 1,869 1,308
    4 55,420 1,934 1,354
    5 57,354 2,002 1,401
    6 59,356 2,072 1,450
    7 61,427 2,144 1,501
    8 63,571 2,219 1,553
    9 65,790 2,296 1,607
    10 68,086 2,376 1,663
    11 70,462 2,459 1,721
    12 72,921 2,545 1,781
    13 75,466 2,634 1,844
    14 78,100 2,726 1,908
    15 80,825 2,821 1,975
    16 83,646 2,919 2,043
    17 86,565 3,021 2,115
    18 89,587 3,127 2,189
    19 92,713 3,236 2,265
    20 95,949 3,349 2,344
    TOTAL $49,297 $34,508

    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.