Compare Savings vs. CDs
Comparison of Deposit Account from PALMETTO CITIZENS with 3.39% - May 2024


Long-Term Analysis of PALMETTO CITIZENS with 3.39% 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
    3.39%
    -
    $50,000
    60 Month
    Credit Union
    3.72x (National Avg. - 0.91%)
    $100,000
     
    SCENARIO
    Year Rate
    3.39%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,695 1,187
    2 51,695 1,752 1,227
    3 53,447 1,812 1,268
    4 55,259 1,873 1,311
    5 57,133 1,937 1,356
    6 59,069 2,002 1,402
    7 61,072 2,070 1,449
    8 63,142 2,141 1,498
    9 65,283 2,213 1,549
    10 67,496 2,288 1,602
    11 69,784 2,366 1,656
    12 72,150 2,446 1,712
    13 74,595 2,529 1,770
    14 77,124 2,615 1,830
    15 79,739 2,703 1,892
    16 82,442 2,795 1,956
    17 85,237 2,890 2,023
    18 88,126 2,987 2,091
    19 91,114 3,089 2,162
    20 94,202 3,193 2,235
    TOTAL $47,396 $33,177

    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.