Compare Analysis of Bank of the Sierra with 0.26% 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.
- 1LOCAL CD$50,00036 Month0.26%0.30x (National Avg. - 0.87%)$100,000Bank-SCENARIO
Year Rate
0.26%Annual
InterestAnnual Interest
(After Tax)1 50,000 130 91 2 50,130 130 91 3 50,260 131 91 4 50,391 131 92 5 50,522 131 92 6 50,653 132 92 7 50,785 132 92 8 50,917 132 93 9 51,050 133 93 10 51,182 133 93 11 51,315 133 93 12 51,449 134 94 13 51,583 134 94 14 51,717 134 94 15 51,851 135 94 16 51,986 135 95 17 52,121 136 95 18 52,257 136 95 19 52,392 136 95 20 52,529 137 96 TOTAL $2,665 $1,866 - 2LOCAL SAVINGS$50,000N.A.5.15%22.01x (National Avg. - 0.23%)$0Bank-SCENARIO
Year Rate
5.15%Annual
InterestAnnual 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