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Comparison of Deposit Account from The First, A National Banking Association with 0.02% - May 2025


Long-Term Analysis of The First, A National Banking Association with 0.02% APY and 1st Summit Bank with 0.26% APY and UNIFY FINANCIAL with 2.55% 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 SAVINGS
    The First, A National Banking Association
    0.02%
    -
    $50,000
    N.A.
    Bank
    0.07x (National Avg. - 0.22%)
    $2,500
     
    SCENARIO
    Year Rate
    0.02%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 8 5
    2 50,008 8 5
    3 50,015 8 5
    4 50,023 8 5
    5 50,030 8 5
    6 50,038 8 5
    7 50,045 8 5
    8 50,053 8 5
    9 50,060 8 5
    10 50,068 8 5
    11 50,075 8 5
    12 50,083 8 5
    13 50,090 8 5
    14 50,098 8 5
    15 50,105 8 5
    16 50,113 8 5
    17 50,120 8 5
    18 50,128 8 5
    19 50,135 8 5
    20 50,143 8 5
    TOTAL $150 $105
  • 2
    LOCAL CD
    1st Summit Bank
    0.26%
    -
    $50,000
    6 Month
    Bank
    0.64x (National Avg. - 0.41%)
    $10,000
     
    SCENARIO
    Year Rate
    0.26%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 130 91
    2 50,130 130 91
    3 50,260 131 91
    4 50,391 131 92
    5 50,522 131 92
    6 50,653 132 92
    7 50,785 132 92
    8 50,917 132 93
    9 51,050 133 93
    10 51,182 133 93
    11 51,315 133 93
    12 51,449 134 94
    13 51,583 134 94
    14 51,717 134 94
    15 51,851 135 94
    16 51,986 135 95
    17 52,121 136 95
    18 52,257 136 95
    19 52,392 136 95
    20 52,529 137 96
    TOTAL $2,665 $1,866
  • 3
    LOCAL CD
    UNIFY FINANCIAL
    2.55%
    -
    $50,000
    24 Month
    Credit Union
    3.87x (National Avg. - 0.66%)
    $40,000
     
    SCENARIO
    Year Rate
    2.55%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,275 893
    2 51,275 1,308 915
    3 52,583 1,341 939
    4 53,923 1,375 963
    5 55,298 1,410 987
    6 56,709 1,446 1,012
    7 58,155 1,483 1,038
    8 59,638 1,521 1,065
    9 61,158 1,560 1,092
    10 62,718 1,599 1,120
    11 64,317 1,640 1,148
    12 65,957 1,682 1,177
    13 67,639 1,725 1,207
    14 69,364 1,769 1,238
    15 71,133 1,814 1,270
    16 72,947 1,860 1,302
    17 74,807 1,908 1,335
    18 76,714 1,956 1,369
    19 78,671 2,006 1,404
    20 80,677 2,057 1,440
    TOTAL $32,734 $22,914

    All calculations are for demonstration purposes only.

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