Compare Savings vs. CDs
Comparison of Deposit Account from The Farmers Bank of Appomattox with 4.69% - May 2024


Long-Term Analysis of The Farmers Bank of Appomattox with 4.69% 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
    4.69%
    -
    $50,000
    11 Month
    Bank
    N.A.
    $5,000
     
    SCENARIO
    Year Rate
    4.69%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,345 1,642
    2 52,345 2,455 1,718
    3 54,800 2,570 1,799
    4 57,370 2,691 1,883
    5 60,061 2,817 1,972
    6 62,878 2,949 2,064
    7 65,827 3,087 2,161
    8 68,914 3,232 2,262
    9 72,146 3,384 2,369
    10 75,530 3,542 2,480
    11 79,072 3,708 2,596
    12 82,780 3,882 2,718
    13 86,663 4,064 2,845
    14 90,727 4,255 2,979
    15 94,982 4,455 3,118
    16 99,437 4,664 3,265
    17 104,101 4,882 3,418
    18 108,983 5,111 3,578
    19 114,094 5,351 3,746
    20 119,445 5,602 3,921
    TOTAL $75,047 $52,533

    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%.

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