Compare Savings vs. CDs
Comparison of Deposit Account from The Bank of Elk River with 1.00%
- October 2026
Long-Term Analysis of The Bank of Elk River with 1.00% APY and First State Bank of Swanville with 0.95% 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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- 1LOCAL CD1.00%-$50,00060 MonthBank1.08x (National Avg. - 0.93%)$200SCENARIO
Year Rate
1.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 502 351 2 50,502 507 355 3 51,009 512 358 4 51,521 517 362 5 52,038 522 366 6 52,561 528 369 7 53,089 533 373 8 53,622 538 377 9 54,160 544 381 10 54,704 549 384 11 55,253 555 388 12 55,808 560 392 13 56,368 566 396 14 56,934 572 400 15 57,506 577 404 16 58,083 583 408 17 58,666 589 412 18 59,255 595 416 19 59,850 601 421 20 60,451 607 425 TOTAL $11,058 $7,740 - 2LOCAL CD0.95%-$50,00018 MonthBank1.64x (National Avg. - 0.58%)$100,000SCENARIO
Year Rate
0.95%Annual
InterestAnnual Interest
(After Tax)1 50,000 475 333 2 50,475 480 336 3 50,955 484 339 4 51,439 489 342 5 51,927 493 345 6 52,421 498 349 7 52,919 503 352 8 53,421 508 355 9 53,929 512 359 10 54,441 517 362 11 54,958 522 365 12 55,480 527 369 13 56,007 532 372 14 56,540 537 376 15 57,077 542 380 16 57,619 547 383 17 58,166 553 387 18 58,719 558 390 19 59,277 563 394 20 59,840 568 398 TOTAL $10,408 $7,286
All calculations are for demonstration purposes only.
Featured CD Rates
Advertiser Disclosure| ONLINE BANKS | APY? | MIN? | ||
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4.50% | $100,000 |
Learn More on the North American Savings Bank, F.S.B. website |
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Decide once. Earn for a year. A full year of predictable earnings with our 12-Month Jumbo CD. 12-Month |
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5.00% |
$10,000 |
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Last change: ↑0.05% on October 8. |
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4.95% |
$10,000 |
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Last change: ↑0.10% on October 8. |
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4.85% |
$10,000 |
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Last change: ↑0.05% on October 8. |
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4.75% |
$0 |
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Last change: ↑0.40% on October 11. |
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