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Comparison of Deposit Account from Washington Savings Bank with 2,500.00% - May 2024


Long-Term Analysis of Washington Savings Bank with 2,500.00% APY and Farmers & Merchants Savings Bank with 0.45% APY and The State Bank and Trust Company with 0.03% APY and The Stock Exchange Bank with 0.95% APY and WEOKIE with 0.85% APY and Milford Federal Bank with 0.50% APY and SOUTH TEXAS AREA RESOURCES with 0.80% APY and VERIDIAN with 1.45% APY and FORTERA with 1.25% 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.

You May Choose More Savings or CD Products From Among these Popular Products to Compare

 
$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    LOCAL CD
    Washington Savings Bank
    2,500.00%
    -
    $50,000
    24 Month
    Bank
    2,634.35x (National Avg. - 0.95%)
    $1,000
     
    SCENARIO
    Year Rate
    2,500.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,250,000 875,000
    2 1,300,000 32,500,000 22,750,000
    3 33,800,000 845,000,000 591,500,000
    4 878,800,000 21,970,000,000 15,379,000,000
    5 22,848,800,000 571,220,000,000 399,854,000,000
    6 594,068,800,000 14,851,720,000,000 10,396,204,000,000
    7 15,445,788,800,000 386,144,720,000,000 270,301,304,000,000
    8 401,590,508,800,000 10,039,762,720,000,000 7,027,833,904,000,000
    9 10,441,353,228,800,000 261,033,830,720,000,000 182,723,681,504,000,000
    10 271,475,183,948,800,000 6,786,879,598,720,000,000 4,750,815,719,104,000,000
    11 7,058,354,782,668,800,000 176,458,869,566,719,983,616 123,521,208,696,703,991,808
    12 183,517,224,349,388,767,232 4,587,930,608,734,718,918,656 3,211,551,426,114,303,295,488
    13 4,771,447,833,084,107,423,744 119,286,195,827,102,684,545,024 83,500,337,078,971,890,925,568
    14 124,057,643,660,186,799,308,800 3,101,441,091,504,670,368,595,968 2,171,008,764,053,269,096,955,904
    15 3,225,498,735,164,857,419,563,008 80,637,468,379,121,439,247,171,584 56,446,227,865,385,012,626,980,864
    16 83,862,967,114,286,296,129,863,680 2,096,574,177,857,157,317,347,246,080 1,467,601,924,500,010,122,143,072,256
    17 2,180,437,144,971,443,665,016,717,312 54,510,928,624,286,091,350,540,025,856 38,157,650,037,000,264,824,987,320,320
    18 56,691,365,769,257,532,541,655,580,672 1,417,284,144,231,438,322,337,482,539,008 992,098,900,962,006,797,488,740,106,240
    19 1,473,975,510,000,695,934,043,975,319,552 36,849,387,750,017,400,321,424,219,963,392 25,794,571,425,012,182,927,156,730,396,672
    20 38,323,363,260,018,095,973,993,218,572,288 958,084,081,500,452,354,313,834,190,602,240 670,658,857,050,316,720,077,277,971,349,504
    TOTAL $996,407,444,760,470,477,309,425,173,397,504 $697,485,211,332,329,348,528,116,428,963,840
  • 2
    LOCAL CD
    Farmers & Merchants Savings Bank
    0.45%
    -
    $50,000
    6 Month
    Bank
    0.66x (National Avg. - 0.69%)
    $10,000
     
    SCENARIO
    Year Rate
    0.45%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 225 158
    2 50,225 226 158
    3 50,451 227 159
    4 50,678 228 160
    5 50,906 229 160
    6 51,135 230 161
    7 51,365 231 162
    8 51,596 232 163
    9 51,829 233 163
    10 52,062 234 164
    11 52,296 235 165
    12 52,531 236 165
    13 52,768 237 166
    14 53,005 239 167
    15 53,244 240 168
    16 53,483 241 168
    17 53,724 242 169
    18 53,966 243 170
    19 54,209 244 171
    20 54,453 245 172
    TOTAL $4,698 $3,288
  • 3
    N.A.
    The State Bank and Trust Company
    0.03%
    -
    $50,000
    N.A.
    Bank
    0.04x (National Avg. - 0.69%)
    $10,000
     
    SCENARIO
    Year Rate
    0.03%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 15 11
    2 50,015 15 11
    3 50,030 15 11
    4 50,045 15 11
    5 50,060 15 11
    6 50,075 15 11
    7 50,090 15 11
    8 50,105 15 11
    9 50,120 15 11
    10 50,135 15 11
    11 50,150 15 11
    12 50,165 15 11
    13 50,180 15 11
    14 50,195 15 11
    15 50,210 15 11
    16 50,225 15 11
    17 50,241 15 11
    18 50,256 15 11
    19 50,271 15 11
    20 50,286 15 11
    TOTAL $301 $211
  • 4
    LOCAL CD
    The Stock Exchange Bank
    0.95%
    -
    $50,000
    36 Month
    Bank
    1.09x (National Avg. - 0.87%)
    $10,000
     
    SCENARIO
    Year Rate
    0.95%    		 Annual
    Interest    		 Annual 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
  • 5
    LOCAL CD
    WEOKIE
    0.85%
    -
    $50,000
    24 Month
    Credit Union
    0.90x (National Avg. - 0.95%)
    $10,000
     
    SCENARIO
    Year Rate
    0.85%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 425 298
    2 50,425 429 300
    3 50,854 432 303
    4 51,286 436 305
    5 51,722 440 308
    6 52,161 443 310
    7 52,605 447 313
    8 53,052 451 316
    9 53,503 455 318
    10 53,958 459 321
    11 54,416 463 324
    12 54,879 466 327
    13 55,345 470 329
    14 55,816 474 332
    15 56,290 478 335
    16 56,769 483 338
    17 57,251 487 341
    18 57,738 491 344
    19 58,229 495 346
    20 58,724 499 349
    TOTAL $9,223 $6,456
  • 6
    LOCAL CD
    Milford Federal Bank
    0.50%
    -
    $50,000
    18 Month
    Bank
    0.69x (National Avg. - 0.73%)
    $10,000
     
    SCENARIO
    Year Rate
    0.50%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 250 175
    2 50,250 251 176
    3 50,501 253 177
    4 50,754 254 178
    5 51,008 255 179
    6 51,263 256 179
    7 51,519 258 180
    8 51,776 259 181
    9 52,035 260 182
    10 52,296 261 183
    11 52,557 263 184
    12 52,820 264 185
    13 53,084 265 186
    14 53,349 267 187
    15 53,616 268 188
    16 53,884 269 189
    17 54,154 271 190
    18 54,424 272 190
    19 54,696 273 191
    20 54,970 275 192
    TOTAL $5,245 $3,671
  • 7
    LOCAL CD
    SOUTH TEXAS AREA RESOURCES
    0.80%
    -
    $50,000
    24 Month
    Credit Union
    0.84x (National Avg. - 0.95%)
    $100,000
     
    SCENARIO
    Year Rate
    0.80%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 400 280
    2 50,400 403 282
    3 50,803 406 284
    4 51,210 410 287
    5 51,619 413 289
    6 52,032 416 291
    7 52,449 420 294
    8 52,868 423 296
    9 53,291 426 298
    10 53,717 430 301
    11 54,147 433 303
    12 54,580 437 306
    13 55,017 440 308
    14 55,457 444 311
    15 55,901 447 313
    16 56,348 451 316
    17 56,799 454 318
    18 57,253 458 321
    19 57,711 462 323
    20 58,173 465 326
    TOTAL $8,638 $6,047
  • 8
    LOCAL MONEY MARKET
    VERIDIAN
    1.45%
    -
    $50,000
    N.A.
    Credit Union
    1.53x (National Avg. - 0.95%)
    $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
  • 9
    N.A.
    FORTERA
    1.25%
    -
    $50,000
    N.A.
    Credit Union
    1.32x (National Avg. - 0.95%)
    $25,000
     
    SCENARIO
    Year Rate
    1.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 625 438
    2 50,625 633 443
    3 51,258 641 449
    4 51,899 649 454
    5 52,547 657 460
    6 53,204 665 466
    7 53,869 673 471
    8 54,543 682 477
    9 55,224 690 483
    10 55,915 699 489
    11 56,614 708 495
    12 57,321 717 502
    13 58,038 725 508
    14 58,763 735 514
    15 59,498 744 521
    16 60,241 753 527
    17 60,994 762 534
    18 61,757 772 540
    19 62,529 782 547
    20 63,310 791 554
    TOTAL $14,102 $9,871

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    5 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%.

    Last change: ↓0.15% on May 13.
    3 Month CD.

    Last change: ↑0.09% on March 12.
    6 Month Jumbo CD.

    Last change: ↓0.05% on May 9.

    Last change: ↓0.36% on March 12.
    Early Withdrawal Penalty is 3 months interest.

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