Compare Analysis of Blucurrent with 4.95% 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$50,00048 Month4.95%5.21x (National Avg. - 0.95%)$1,000Credit Union-SCENARIO
Year Rate
4.95%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,475 1,733 2 52,475 2,598 1,818 3 55,073 2,726 1,908 4 57,799 2,861 2,003 5 60,660 3,003 2,102 6 63,662 3,151 2,206 7 66,814 3,307 2,315 8 70,121 3,471 2,430 9 73,592 3,643 2,550 10 77,235 3,823 2,676 11 81,058 4,012 2,809 12 85,070 4,211 2,948 13 89,281 4,419 3,094 14 93,700 4,638 3,247 15 98,339 4,868 3,407 16 103,206 5,109 3,576 17 108,315 5,362 3,753 18 113,677 5,627 3,939 19 119,304 5,906 4,134 20 125,209 6,198 4,339 TOTAL $81,407 $56,985 - 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