Compare Analysis of Butte State Bank with 0.51% APY and Forbright Bank with 5.30% APY and Citizens with 4.50% 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 Month0.51%0.61x (National Avg. - 0.84%)$100,000Bank-SCENARIO
Year Rate
0.51%Annual
InterestAnnual Interest
(After Tax)1 50,000 255 179 2 50,255 256 179 3 50,511 258 180 4 50,769 259 181 5 51,028 260 182 6 51,288 262 183 7 51,550 263 184 8 51,813 264 185 9 52,077 266 186 10 52,342 267 187 11 52,609 268 188 12 52,878 270 189 13 53,147 271 190 14 53,418 272 191 15 53,691 274 192 16 53,965 275 193 17 54,240 277 194 18 54,516 278 195 19 54,794 279 196 20 55,074 281 197 TOTAL $5,355 $3,748 - 2LOCAL SAVINGS$50,000N.A.5.30%9.65x (National Avg. - 0.55%)$0Bank-SCENARIO
Year Rate
5.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,650 1,855 2 52,650 2,790 1,953 3 55,440 2,938 2,057 4 58,379 3,094 2,166 5 61,473 3,258 2,281 6 64,731 3,431 2,402 7 68,162 3,613 2,529 8 71,774 3,804 2,663 9 75,578 4,006 2,804 10 79,584 4,218 2,953 11 83,802 4,441 3,109 12 88,243 4,677 3,274 13 92,920 4,925 3,447 14 97,845 5,186 3,630 15 103,031 5,461 3,822 16 108,491 5,750 4,025 17 114,242 6,055 4,238 18 120,296 6,376 4,463 19 126,672 6,714 4,700 20 133,386 7,069 4,949 TOTAL $90,455 $63,319 - 3ONLINE SAVINGS$50,000N.A.4.50%8.20x (National Avg. - 0.55%)$1Online Bank-SCENARIO
Year Rate
4.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,250 1,575 2 52,250 2,351 1,646 3 54,601 2,457 1,720 4 57,058 2,568 1,797 5 59,626 2,683 1,878 6 62,309 2,804 1,963 7 65,113 2,930 2,051 8 68,043 3,062 2,143 9 71,105 3,200 2,240 10 74,305 3,344 2,341 11 77,648 3,494 2,446 12 81,143 3,651 2,556 13 84,794 3,816 2,671 14 88,610 3,987 2,791 15 92,597 4,167 2,917 16 96,764 4,354 3,048 17 101,119 4,550 3,185 18 105,669 4,755 3,329 19 110,424 4,969 3,478 20 115,393 5,193 3,635 TOTAL $70,586 $49,410