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Comparison of Deposit Account from WESTEX with 1.09% - August 2025


Long-Term Analysis of First State Bank Minnesota with 0.75% APY and WESTEX with 1.09% 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
    First State Bank Minnesota
    0.75%
    -
    $50,000
    48 Month
    Bank
    0.92x (National Avg. - 0.82%)
    $100,000
     
    SCENARIO
    Year Rate
    0.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 375 263
    2 50,375 378 264
    3 50,753 381 266
    4 51,133 384 268
    5 51,517 386 270
    6 51,903 389 272
    7 52,293 392 275
    8 52,685 395 277
    9 53,080 398 279
    10 53,478 401 281
    11 53,879 404 283
    12 54,283 407 285
    13 54,690 410 287
    14 55,101 413 289
    15 55,514 416 291
    16 55,930 419 294
    17 56,350 423 296
    18 56,772 426 298
    19 57,198 429 300
    20 57,627 432 303
    TOTAL $8,059 $5,641
  • 2
    LOCAL CD
    WESTEX
    1.09%
    -
    $50,000
    24 Month
    Credit Union
    1.64x (National Avg. - 0.66%)
    $100,000
     
    SCENARIO
    Year Rate
    1.09%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 543 380
    2 50,543 548 384
    3 51,091 554 388
    4 51,645 560 392
    5 52,206 566 397
    6 52,772 573 401
    7 53,345 579 405
    8 53,923 585 410
    9 54,508 591 414
    10 55,100 598 418
    11 55,698 604 423
    12 56,302 611 428
    13 56,913 618 432
    14 57,530 624 437
    15 58,155 631 442
    16 58,786 638 446
    17 59,423 645 451
    18 60,068 652 456
    19 60,720 659 461
    20 61,379 666 466
    TOTAL $12,045 $8,431

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

    Last change: ↓0.50% on October 1, 2024.

    Last change: ↑0.20% on January 18.

    Last change: ↑0.10% on July 13.

    Last change: ↑0.40% on June 24.
    Early withdrawal penalty is 3 Months' Interest.

    Last change: ↓0.05% on August 2.
    7-Month CD.

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