Compare Analysis of Blucurrent with 3.56% 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 MONEY MARKET$50,000N.A.3.56%16.56x (National Avg. - 0.22%)$100,000Credit Union-SCENARIO
Year Rate
3.56%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,780 1,246 2 51,780 1,843 1,290 3 53,623 1,909 1,336 4 55,532 1,977 1,384 5 57,509 2,047 1,433 6 59,557 2,120 1,484 7 61,677 2,196 1,537 8 63,873 2,274 1,592 9 66,146 2,355 1,648 10 68,501 2,439 1,707 11 70,940 2,525 1,768 12 73,465 2,615 1,831 13 76,081 2,708 1,896 14 78,789 2,805 1,963 15 81,594 2,905 2,033 16 84,499 3,008 2,106 17 87,507 3,115 2,181 18 90,622 3,226 2,258 19 93,848 3,341 2,339 20 97,189 3,460 2,422 TOTAL $50,649 $35,455 - 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