Compare Savings vs. CDs
Comparison of Deposit Account from Virtualbank, a division of First Horizon Bank with 2.94% - October 2026


Long-Term Analysis of Virtualbank, a division of First Horizon Bank with 2.94% 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
    ONLINE CD
    2.94%
    -
    $50,000
    3 Month
    Online Bank
    1.29x (National Avg. - 2.29%)
    $1
     
    SCENARIO
    Year Rate
    2.94%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,470 1,029
    2 51,470 1,513 1,059
    3 52,983 1,558 1,090
    4 54,541 1,604 1,122
    5 56,144 1,651 1,155
    6 57,795 1,699 1,189
    7 59,494 1,749 1,224
    8 61,243 1,801 1,260
    9 63,044 1,853 1,297
    10 64,897 1,908 1,336
    11 66,805 1,964 1,375
    12 68,769 2,022 1,415
    13 70,791 2,081 1,457
    14 72,873 2,142 1,500
    15 75,015 2,205 1,544
    16 77,220 2,270 1,589
    17 79,491 2,337 1,636
    18 81,828 2,406 1,684
    19 84,234 2,476 1,734
    20 86,710 2,549 1,784
    TOTAL $39,259 $27,481

    All calculations are for demonstration purposes only.

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    Advertiser Disclosure
    ONLINE BANKS APY? MIN?

    Decide once. Earn for a year. A full year of predictable earnings with our 12-Month Jumbo CD.

    12-Month

    Last change: ↑0.05% on October 8.
    Early Withdrawal Penalty is 730 days interest.

    Last change: ↑0.10% on October 8.
    Early Withdrawal Penalty is 365 days interest.

    Last change: ↑0.05% on October 8.
    Early Withdrawal Penalty is 365 days interest.

    Last change: ↑0.40% on October 11.
    Early Withdrawal Penalty is 180 days interest.