Compare Analysis of Popular Bank with 0.05% 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$50,0006 Month0.05%0.15x (National Avg. - 0.33%)$100,000Bank-SCENARIO
Year Rate
0.05%Annual
InterestAnnual Interest
(After Tax)1 50,000 25 18 2 50,025 25 18 3 50,050 25 18 4 50,075 25 18 5 50,100 25 18 6 50,125 25 18 7 50,150 25 18 8 50,175 25 18 9 50,200 25 18 10 50,225 25 18 11 50,251 25 18 12 50,276 25 18 13 50,301 25 18 14 50,326 25 18 15 50,351 25 18 16 50,376 25 18 17 50,402 25 18 18 50,427 25 18 19 50,452 25 18 20 50,477 25 18 TOTAL $502 $352 - 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