Compound Interest Calculator
CD Account from Farmers & Merchants Bank & Trust with 0.37% APY

Small differences in savings or CD rates may seem trivial. But, earning more in your savings and CD accounts can lead to much larger account balances over time when you examine the difference in compound interest over time. Use our calculator on the right below to see how much larger your accounts can be by moving to higher earning savings and CD rates.

Use or Change These Amounts and Rates

The Results for Farmers & Merchants Bank & Trust

Savings Boost of
$-555 over 10 years
Cash Savings $20,000
Average Interest Earned $1,082

 
Farmers & Merchants Bank & Trust Interest Earned $527

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.75%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 149 105
2 20,149 151 105
3 20,300 152 106
4 20,452 153 107
5 20,604 154 108
6 20,758 155 109
7 20,913 156 109
8 21,070 157 110
9 21,227 159 111
10 21,385 160 112
TOTAL: $1,545 $1,082

Farmers & Merchants Bank & Trust Scenario

Rate:
0.37%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 74 52
2 20,074 74 52
3 20,148 75 52
4 20,223 75 52
5 20,298 75 53
6 20,373 75 53
7 20,448 76 53
8 20,524 76 53
9 20,600 76 53
10 20,676 77 54
TOTAL: $752 $527

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.

 

Featured CD Rates

ONLINE BANKS APY? MIN?

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: ↑0.46% on December 15, 2023.

Last change: ↑0.20% on September 8, 2023.

Last change: ↓0.05% on March 15.

Last change: ↑0.09% on March 12.