Compare Savings vs. CDs
Comparison of Deposit Account from SFGI Direct, a division of Summit Community Bank with 3.81% - March 2024


Long-Term Analysis of SFGI Direct, a division of Summit Community Bank with 3.81% 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
    ONLINE SAVINGS
    3.81%
    -
    $50,000
    N.A.
    Online Bank
    18.23x (National Avg. - 0.21%)
    $500
     
    SCENARIO
    Year Rate
    3.81%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,905 1,334
    2 51,905 1,978 1,384
    3 53,883 2,053 1,437
    4 55,936 2,131 1,492
    5 58,067 2,212 1,549
    6 60,279 2,297 1,608
    7 62,576 2,384 1,669
    8 64,960 2,475 1,732
    9 67,435 2,569 1,798
    10 70,004 2,667 1,867
    11 72,671 2,769 1,938
    12 75,440 2,874 2,012
    13 78,314 2,984 2,089
    14 81,298 3,097 2,168
    15 84,395 3,215 2,251
    16 87,611 3,338 2,337
    17 90,949 3,465 2,426
    18 94,414 3,597 2,518
    19 98,011 3,734 2,614
    20 101,745 3,876 2,714
    TOTAL $55,622 $38,935

    All calculations are for demonstration purposes only.

    Featured CD Rates

    Advertiser Disclosure
    ONLINE BANKS APY? MIN?

    Earn 5.20% Annual Percentage Yield (APY) with a 12-month CD. Member FDIC.

    12-Month

    Earn 5.15% Annual Percentage Yield (APY) with a 6-month CD. Member FDIC.

    6-Month

    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.

    Last change: ↑0.20% on September 8, 2023.