Compare Analysis of Aurgroup with 0.04% APY and Forbright Bank with 5.15% 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.

$
PRODUCT
BANK
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
BANK TYPE
STATE

All calculations are for demonstration purposes only.

  • 1
    LOCAL MONEY MARKET
    Aurgroup
    $50,000
    N.A.
    0.04%
    0.15x (National Avg. - 0.23%)
    $25,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.04%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 18 12
    2 50,018 18 12
    3 50,035 18 12
    4 50,053 18 12
    5 50,070 18 12
    6 50,088 18 12
    7 50,105 18 12
    8 50,123 18 12
    9 50,140 18 12
    10 50,158 18 12
    11 50,175 18 12
    12 50,193 18 12
    13 50,210 18 12
    14 50,228 18 12
    15 50,246 18 12
    16 50,263 18 12
    17 50,281 18 12
    18 50,298 18 12
    19 50,316 18 12
    20 50,334 18 12
    TOTAL $351 $246
  • 2
    LOCAL SAVINGS
    Forbright Bank , ★ TOP PICK ★
    $50,000
    N.A.
    5.15%
    22.01x (National Avg. - 0.23%)
    $0
    Bank
    -
    SCENARIO
    Year Rate
    5.15%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,575 1,803
    2 52,575 2,708 1,895
    3 55,283 2,847 1,993
    4 58,130 2,994 2,096
    5 61,123 3,148 2,203
    6 64,271 3,310 2,317
    7 67,581 3,480 2,436
    8 71,062 3,660 2,562
    9 74,721 3,848 2,694
    10 78,569 4,046 2,832
    11 82,616 4,255 2,978
    12 86,870 4,474 3,132
    13 91,344 4,704 3,293
    14 96,049 4,946 3,463
    15 100,995 5,201 3,641
    16 106,196 5,469 3,828
    17 111,665 5,751 4,026
    18 117,416 6,047 4,233
    19 123,463 6,358 4,451
    20 129,821 6,686 4,680
    TOTAL $86,507 $60,555