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Comparison of Deposit Account from Summit National Bank with 1.45% - August 2025


Long-Term Analysis of Summit National Bank with 0.75% APY and Summit National Bank with 1.45% APY and Summit National Bank with 1.78% 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
    Summit National Bank
    0.75%
    -
    $50,000
    12 Month
    Bank
    1.36x (National Avg. - 0.55%)
    $10,000
     
    SCENARIO
    Year Rate
    0.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 375 263
    2 50,375 378 264
    3 50,753 381 266
    4 51,133 384 268
    5 51,517 386 270
    6 51,903 389 272
    7 52,293 392 275
    8 52,685 395 277
    9 53,080 398 279
    10 53,478 401 281
    11 53,879 404 283
    12 54,283 407 285
    13 54,690 410 287
    14 55,101 413 289
    15 55,514 416 291
    16 55,930 419 294
    17 56,350 423 296
    18 56,772 426 298
    19 57,198 429 300
    20 57,627 432 303
    TOTAL $8,059 $5,641
  • 2
    LOCAL CD
    Summit National Bank
    1.45%
    -
    $50,000
    36 Month
    Bank
    1.92x (National Avg. - 0.75%)
    $10,000
     
    SCENARIO
    Year Rate
    1.45%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 725 508
    2 50,725 736 515
    3 51,461 746 522
    4 52,207 757 530
    5 52,964 768 538
    6 53,732 779 545
    7 54,511 790 553
    8 55,301 802 561
    9 56,103 813 569
    10 56,917 825 578
    11 57,742 837 586
    12 58,579 849 595
    13 59,428 862 603
    14 60,290 874 612
    15 61,164 887 621
    16 62,051 900 630
    17 62,951 913 639
    18 63,864 926 648
    19 64,790 939 658
    20 65,729 953 667
    TOTAL $16,682 $11,678
  • 3
    LOCAL CD
    Summit National Bank
    1.78%
    -
    $50,000
    48 Month
    Bank
    2.18x (National Avg. - 0.82%)
    $10,000
     
    SCENARIO
    Year Rate
    1.78%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 889 622
    2 50,889 905 633
    3 51,794 921 645
    4 52,715 937 656
    5 53,652 954 668
    6 54,606 971 680
    7 55,577 988 692
    8 56,565 1,006 704
    9 57,571 1,024 717
    10 58,594 1,042 729
    11 59,636 1,060 742
    12 60,696 1,079 755
    13 61,776 1,098 769
    14 62,874 1,118 783
    15 63,992 1,138 796
    16 65,130 1,158 811
    17 66,288 1,179 825
    18 67,466 1,200 840
    19 68,666 1,221 855
    20 69,887 1,243 870
    TOTAL $21,129 $14,790

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↓0.50% on October 1, 2024.

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    7-Month CD.

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    Early Withdrawal Penalty is 3 months interest.

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