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Comparison of Deposit Account from South Atlantic Bank with 0.40% - May 2025


Long-Term Analysis of Farmers and Merchants Bank with 1.00% APY and South Atlantic Bank with 0.40% APY and DUGOOD with 1.21% APY and Northwest Bank with 4.09% APY and Fremont Bank with 3.25% APY and Horizon Bank with 5.00% 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.

You May Choose More Savings or CD Products From Among these Popular Products to Compare

 
$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    LOCAL CD
    Farmers and Merchants Bank
    1.00%
    -
    $50,000
    24 Month
    Bank
    1.52x (National Avg. - 0.66%)
    $500
     
    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
  • 2
    LOCAL CD
    South Atlantic Bank
    0.40%
    -
    $50,000
    48 Month
    Bank
    0.49x (National Avg. - 0.82%)
    $10,000
     
    SCENARIO
    Year Rate
    0.40%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 200 140
    2 50,200 201 141
    3 50,401 202 141
    4 50,602 202 142
    5 50,805 203 142
    6 51,008 204 143
    7 51,212 205 143
    8 51,417 206 144
    9 51,623 206 145
    10 51,829 207 145
    11 52,036 208 146
    12 52,245 209 146
    13 52,454 210 147
    14 52,663 211 147
    15 52,874 211 148
    16 53,085 212 149
    17 53,298 213 149
    18 53,511 214 150
    19 53,725 215 150
    20 53,940 216 151
    TOTAL $4,156 $2,909
  • 3
    LOCAL CD
    DUGOOD
    1.21%
    -
    $50,000
    36 Month
    Credit Union
    1.61x (National Avg. - 0.75%)
    $1,000
     
    SCENARIO
    Year Rate
    1.21%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 605 424
    2 50,605 612 429
    3 51,217 620 434
    4 51,837 627 439
    5 52,464 635 444
    6 53,099 642 450
    7 53,742 650 455
    8 54,392 658 461
    9 55,050 666 466
    10 55,716 674 472
    11 56,390 682 478
    12 57,073 691 483
    13 57,763 699 489
    14 58,462 707 495
    15 59,170 716 501
    16 59,885 725 507
    17 60,610 733 513
    18 61,343 742 520
    19 62,086 751 526
    20 62,837 760 532
    TOTAL $13,597 $9,518
  • 4
    LOCAL CD
    Northwest Bank
    4.09%
    -
    $50,000
    6 Month
    Bank
    10.05x (National Avg. - 0.41%)
    $100
     
    SCENARIO
    Year Rate
    4.09%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,045 1,432
    2 52,045 2,129 1,490
    3 54,174 2,216 1,551
    4 56,389 2,306 1,614
    5 58,696 2,401 1,680
    6 61,096 2,499 1,749
    7 63,595 2,601 1,821
    8 66,196 2,707 1,895
    9 68,904 2,818 1,973
    10 71,722 2,933 2,053
    11 74,655 3,053 2,137
    12 77,709 3,178 2,225
    13 80,887 3,308 2,316
    14 84,195 3,444 2,411
    15 87,639 3,584 2,509
    16 91,223 3,731 2,612
    17 94,954 3,884 2,719
    18 98,838 4,042 2,830
    19 102,880 4,208 2,945
    20 107,088 4,380 3,066
    TOTAL $61,468 $43,028
  • 5
    LOCAL CD
    Fremont Bank
    3.25%
    -
    $50,000
    3 Month
    Bank
    1.48x (National Avg. - 2.19%)
    $2,500
     
    SCENARIO
    Year Rate
    3.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,625 1,138
    2 51,625 1,678 1,174
    3 53,303 1,732 1,213
    4 55,035 1,789 1,252
    5 56,824 1,847 1,293
    6 58,671 1,907 1,335
    7 60,577 1,969 1,378
    8 62,546 2,033 1,423
    9 64,579 2,099 1,469
    10 66,678 2,167 1,517
    11 68,845 2,237 1,566
    12 71,082 2,310 1,617
    13 73,392 2,385 1,670
    14 75,778 2,463 1,724
    15 78,240 2,543 1,780
    16 80,783 2,625 1,838
    17 83,409 2,711 1,898
    18 86,119 2,799 1,959
    19 88,918 2,890 2,023
    20 91,808 2,984 2,089
    TOTAL $44,792 $31,354
  • 6
    LOCAL CD
    Horizon Bank
    5.00%
    -
    $50,000
    5 Month
    Bank
    N.A.
    $10,000
     
    SCENARIO
    Year Rate
    5.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,500 1,750
    2 52,500 2,625 1,838
    3 55,125 2,756 1,929
    4 57,881 2,894 2,026
    5 60,775 3,039 2,127
    6 63,814 3,191 2,233
    7 67,005 3,350 2,345
    8 70,355 3,518 2,462
    9 73,873 3,694 2,586
    10 77,566 3,878 2,715
    11 81,445 4,072 2,851
    12 85,517 4,276 2,993
    13 89,793 4,490 3,143
    14 94,282 4,714 3,300
    15 98,997 4,950 3,465
    16 103,946 5,197 3,638
    17 109,144 5,457 3,820
    18 114,601 5,730 4,011
    19 120,331 6,017 4,212
    20 126,348 6,317 4,422
    TOTAL $82,665 $57,865

    All calculations are for demonstration purposes only.

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