Compare Analysis of Popular Bank with 0.15% APY and Discover Bank with 4.00% APY and Discover Bank with 4.30% APY and Discover Bank with 4.75% APY and First Foundation Bank with 4.75% APY and Forbright Bank with 5.20% 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$50,0007 Month0.15%N.A.$1,000Bank-SCENARIO
Year Rate
0.15%Annual
InterestAnnual Interest
(After Tax)1 50,000 75 53 2 50,075 75 53 3 50,150 75 53 4 50,225 75 53 5 50,301 75 53 6 50,376 76 53 7 50,452 76 53 8 50,527 76 53 9 50,603 76 53 10 50,679 76 53 11 50,755 76 53 12 50,831 76 53 13 50,907 76 53 14 50,984 76 54 15 51,060 77 54 16 51,137 77 54 17 51,214 77 54 18 51,290 77 54 19 51,367 77 54 20 51,444 77 54 TOTAL $1,522 $1,065 - 2LOCAL CD$50,00060 Month4.00%4.67x (National Avg. - 0.86%)$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 - 3LOCAL CD$50,00024 Month4.30%7.26x (National Avg. - 0.59%)$2,500Online Bank-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237 - 4LOCAL CD$50,00012 Month4.75%10.02x (National Avg. - 0.47%)$2,500Online Bank-SCENARIO
Year Rate
4.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,375 1,663 2 52,375 2,488 1,741 3 54,863 2,606 1,824 4 57,469 2,730 1,911 5 60,199 2,859 2,002 6 63,058 2,995 2,097 7 66,053 3,138 2,196 8 69,191 3,287 2,301 9 72,477 3,443 2,410 10 75,920 3,606 2,524 11 79,526 3,777 2,644 12 83,304 3,957 2,770 13 87,261 4,145 2,901 14 91,406 4,342 3,039 15 95,747 4,548 3,184 16 100,295 4,764 3,335 17 105,059 4,990 3,493 18 110,050 5,227 3,659 19 115,277 5,476 3,833 20 120,753 5,736 4,015 TOTAL $76,488 $53,542 - 5LOCAL CD$50,00018 Month4.75%9.19x (National Avg. - 0.52%)$2,500Bank-SCENARIO
Year Rate
4.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,375 1,663 2 52,375 2,488 1,741 3 54,863 2,606 1,824 4 57,469 2,730 1,911 5 60,199 2,859 2,002 6 63,058 2,995 2,097 7 66,053 3,138 2,196 8 69,191 3,287 2,301 9 72,477 3,443 2,410 10 75,920 3,606 2,524 11 79,526 3,777 2,644 12 83,304 3,957 2,770 13 87,261 4,145 2,901 14 91,406 4,342 3,039 15 95,747 4,548 3,184 16 100,295 4,764 3,335 17 105,059 4,990 3,493 18 110,050 5,227 3,659 19 115,277 5,476 3,833 20 120,753 5,736 4,015 TOTAL $76,488 $53,542 - 6LOCAL CD$50,00012 Month5.20%10.97x (National Avg. - 0.47%)$1,000Bank-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