Compare Analysis of Blucurrent with 2.53% 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$50,00012 Month2.53%3.03x (National Avg. - 0.84%)$100,000Credit Union-SCENARIO
Year Rate
2.53%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,265 886 2 51,265 1,297 908 3 52,562 1,330 931 4 53,892 1,363 954 5 55,255 1,398 979 6 56,653 1,433 1,003 7 58,087 1,470 1,029 8 59,556 1,507 1,055 9 61,063 1,545 1,081 10 62,608 1,584 1,109 11 64,192 1,624 1,137 12 65,816 1,665 1,166 13 67,481 1,707 1,195 14 69,188 1,750 1,225 15 70,939 1,795 1,256 16 72,733 1,840 1,288 17 74,574 1,887 1,321 18 76,460 1,934 1,354 19 78,395 1,983 1,388 20 80,378 2,034 1,423 TOTAL $32,412 $22,688 - 2LOCAL SAVINGS$50,000N.A.5.15%23.95x (National Avg. - 0.22%)$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