Compare Analysis of Popular Bank with 0.20% APY and Discover Bank with 4.00% APY and Discover Bank with 4.40% APY and Discover Bank with 5.20% APY and Discover Bank with 5.30% APY and North American Savings Bank, F.S.B. with 5.40% APY and North American Savings Bank, F.S.B. with 5.50% APY and Forbright Bank with 5.75% 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.
- 1LOCAL CD$50,00012 Month0.20%0.40x (National Avg. - 0.50%)$10,000Bank-SCENARIO
Year Rate
0.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 100 70 2 50,100 100 70 3 50,200 100 70 4 50,301 101 70 5 50,401 101 71 6 50,502 101 71 7 50,603 101 71 8 50,704 101 71 9 50,806 102 71 10 50,907 102 71 11 51,009 102 71 12 51,111 102 72 13 51,213 102 72 14 51,316 103 72 15 51,418 103 72 16 51,521 103 72 17 51,624 103 72 18 51,727 103 72 19 51,831 104 73 20 51,935 104 73 TOTAL $2,038 $1,427 - 2ONLINE CD$50,00060 Month4.00%4.58x (National Avg. - 0.87%)$2,500Online Bank-SCENARIO
Year Rate
4.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,000 1,400 2 52,000 2,080 1,456 3 54,080 2,163 1,514 4 56,243 2,250 1,575 5 58,493 2,340 1,638 6 60,833 2,433 1,703 7 63,266 2,531 1,771 8 65,797 2,632 1,842 9 68,428 2,737 1,916 10 71,166 2,847 1,993 11 74,012 2,960 2,072 12 76,973 3,079 2,155 13 80,052 3,202 2,241 14 83,254 3,330 2,331 15 86,584 3,463 2,424 16 90,047 3,602 2,521 17 93,649 3,746 2,622 18 97,395 3,896 2,727 19 101,291 4,052 2,836 20 105,342 4,214 2,950 TOTAL $59,556 $41,689 - 3ONLINE CD$50,00024 Month4.40%7.21x (National Avg. - 0.61%)$2,500Online Bank-SCENARIO
Year Rate
4.40%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,200 1,540 2 52,200 2,297 1,608 3 54,497 2,398 1,679 4 56,895 2,503 1,752 5 59,398 2,614 1,829 6 62,012 2,729 1,910 7 64,740 2,849 1,994 8 67,589 2,974 2,082 9 70,563 3,105 2,173 10 73,667 3,241 2,269 11 76,909 3,384 2,369 12 80,293 3,533 2,473 13 83,825 3,688 2,582 14 87,514 3,851 2,695 15 91,364 4,020 2,814 16 95,384 4,197 2,938 17 99,581 4,382 3,067 18 103,963 4,574 3,202 19 108,537 4,776 3,343 20 113,313 4,986 3,490 TOTAL $68,299 $47,809 - 4ONLINE CD$50,00012 Month5.20%10.44x (National Avg. - 0.50%)$2,500Online Bank-SCENARIO
Year Rate
5.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,600 1,820 2 52,600 2,735 1,915 3 55,335 2,877 2,014 4 58,213 3,027 2,119 5 61,240 3,184 2,229 6 64,424 3,350 2,345 7 67,774 3,524 2,467 8 71,298 3,708 2,595 9 75,006 3,900 2,730 10 78,906 4,103 2,872 11 83,009 4,316 3,022 12 87,326 4,541 3,179 13 91,867 4,777 3,344 14 96,644 5,025 3,518 15 101,669 5,287 3,701 16 106,956 5,562 3,893 17 112,518 5,851 4,096 18 118,369 6,155 4,309 19 124,524 6,475 4,533 20 130,999 6,812 4,768 TOTAL $87,811 $61,468 - 5ONLINE CD$50,0009 Month5.30%N.A.$2,500Online Bank-SCENARIO
Year Rate
5.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,650 1,855 2 52,650 2,790 1,953 3 55,440 2,938 2,057 4 58,379 3,094 2,166 5 61,473 3,258 2,281 6 64,731 3,431 2,402 7 68,162 3,613 2,529 8 71,774 3,804 2,663 9 75,578 4,006 2,804 10 79,584 4,218 2,953 11 83,802 4,441 3,109 12 88,243 4,677 3,274 13 92,920 4,925 3,447 14 97,845 5,186 3,630 15 103,031 5,461 3,822 16 108,491 5,750 4,025 17 114,242 6,055 4,238 18 120,296 6,376 4,463 19 126,672 6,714 4,700 20 133,386 7,069 4,949 TOTAL $90,455 $63,319 - 6LOCAL CD$50,0007 Month5.40%N.A.$5,000Bank-SCENARIO
Year Rate
5.40%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,700 1,890 2 52,700 2,846 1,992 3 55,546 2,999 2,100 4 58,545 3,161 2,213 5 61,707 3,332 2,333 6 65,039 3,512 2,458 7 68,551 3,702 2,591 8 72,253 3,902 2,731 9 76,154 4,112 2,879 10 80,267 4,334 3,034 11 84,601 4,568 3,198 12 89,170 4,815 3,371 13 93,985 5,075 3,553 14 99,060 5,349 3,744 15 104,409 5,638 3,947 16 110,047 5,943 4,160 17 115,990 6,263 4,384 18 122,253 6,602 4,621 19 128,855 6,958 4,871 20 135,813 7,334 5,134 TOTAL $93,147 $65,203 - 7LOCAL CD$50,00012 Month5.50%11.04x (National Avg. - 0.50%)$5,000Bank-SCENARIO
Year Rate
5.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,750 1,925 2 52,750 2,901 2,031 3 55,651 3,061 2,143 4 58,712 3,229 2,260 5 61,941 3,407 2,385 6 65,348 3,594 2,516 7 68,942 3,792 2,654 8 72,734 4,000 2,800 9 76,734 4,220 2,954 10 80,955 4,453 3,117 11 85,407 4,697 3,288 12 90,105 4,956 3,469 13 95,060 5,228 3,660 14 100,289 5,516 3,861 15 105,805 5,819 4,073 16 111,624 6,139 4,298 17 117,763 6,477 4,534 18 124,240 6,833 4,783 19 131,073 7,209 5,046 20 138,282 7,606 5,324 TOTAL $95,888 $67,122 - 8LOCAL CD$50,00012 Month5.75%11.55x (National Avg. - 0.50%)$1,000Bank-SCENARIO
Year Rate
5.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,875 2,013 2 52,875 3,040 2,128 3 55,915 3,215 2,251 4 59,130 3,400 2,380 5 62,530 3,596 2,517 6 66,126 3,802 2,662 7 69,928 4,021 2,815 8 73,949 4,252 2,976 9 78,201 4,497 3,148 10 82,698 4,755 3,329 11 87,453 5,029 3,520 12 92,481 5,318 3,722 13 97,799 5,623 3,936 14 103,422 5,947 4,163 15 109,369 6,289 4,402 16 115,658 6,650 4,655 17 122,308 7,033 4,923 18 129,341 7,437 5,206 19 136,778 7,865 5,505 20 144,643 8,317 5,822 TOTAL $102,960 $72,072