Compare Analysis of CFG Community Bank with 4.70% APY and Discover Bank with 4.00% APY and Discover Bank with 4.30% APY and M.Y. Safra Bank with 4.66% APY and M.Y. Safra Bank with 4.86% APY and Discover Bank with 5.00% APY and M.Y. Safra Bank with 4.85% APY and Forbright Bank with 5.65% 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 Month4.70%6.73x (National Avg. - 0.70%)$500Bank-SCENARIO
Year Rate
4.70%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,350 1,645 2 52,350 2,460 1,722 3 54,810 2,576 1,803 4 57,387 2,697 1,888 5 60,084 2,824 1,977 6 62,908 2,957 2,070 7 65,864 3,096 2,167 8 68,960 3,241 2,269 9 72,201 3,393 2,375 10 75,594 3,553 2,487 11 79,147 3,720 2,604 12 82,867 3,895 2,726 13 86,762 4,078 2,854 14 90,840 4,269 2,989 15 95,109 4,470 3,129 16 99,580 4,680 3,276 17 104,260 4,900 3,430 18 109,160 5,131 3,591 19 114,291 5,372 3,760 20 119,662 5,624 3,937 TOTAL $75,286 $52,700 - 2LOCAL CD$50,00060 Month4.00%4.62x (National Avg. - 0.87%)$2,500Online Bank-SCENARIO
Year Rate
4.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,000 1,400 2 52,000 2,080 1,456 3 54,080 2,163 1,514 4 56,243 2,250 1,575 5 58,493 2,340 1,638 6 60,833 2,433 1,703 7 63,266 2,531 1,771 8 65,797 2,632 1,842 9 68,428 2,737 1,916 10 71,166 2,847 1,993 11 74,012 2,960 2,072 12 76,973 3,079 2,155 13 80,052 3,202 2,241 14 83,254 3,330 2,331 15 86,584 3,463 2,424 16 90,047 3,602 2,521 17 93,649 3,746 2,622 18 97,395 3,896 2,727 19 101,291 4,052 2,836 20 105,342 4,214 2,950 TOTAL $59,556 $41,689 - 3LOCAL CD$50,00024 Month4.30%7.14x (National Avg. - 0.60%)$2,500Online Bank-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237 - 4LOCAL CD$50,00060 Month4.66%5.39x (National Avg. - 0.87%)$500Bank-SCENARIO
Year Rate
4.66%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,330 1,631 2 52,330 2,439 1,707 3 54,769 2,552 1,787 4 57,321 2,671 1,870 5 59,992 2,796 1,957 6 62,788 2,926 2,048 7 65,713 3,062 2,144 8 68,776 3,205 2,243 9 71,981 3,354 2,348 10 75,335 3,511 2,457 11 78,846 3,674 2,572 12 82,520 3,845 2,692 13 86,365 4,025 2,817 14 90,390 4,212 2,949 15 94,602 4,408 3,086 16 99,010 4,614 3,230 17 103,624 4,829 3,380 18 108,453 5,054 3,538 19 113,507 5,289 3,703 20 118,797 5,536 3,875 TOTAL $74,332 $52,033 - 5LOCAL CD$50,00036 Month4.86%6.96x (National Avg. - 0.70%)$500Bank-SCENARIO
Year Rate
4.86%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,430 1,701 2 52,430 2,548 1,784 3 54,978 2,672 1,870 4 57,650 2,802 1,961 5 60,452 2,938 2,057 6 63,390 3,081 2,157 7 66,471 3,230 2,261 8 69,701 3,387 2,371 9 73,088 3,552 2,486 10 76,641 3,725 2,607 11 80,365 3,906 2,734 12 84,271 4,096 2,867 13 88,367 4,295 3,006 14 92,661 4,503 3,152 15 97,165 4,722 3,306 16 101,887 4,952 3,466 17 106,838 5,192 3,635 18 112,031 5,445 3,811 19 117,476 5,709 3,997 20 123,185 5,987 4,191 TOTAL $79,172 $55,420 - 6LOCAL CD$50,00012 Month5.00%10.22x (National Avg. - 0.49%)$2,500Online Bank-SCENARIO
Year Rate
5.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,500 1,750 2 52,500 2,625 1,838 3 55,125 2,756 1,929 4 57,881 2,894 2,026 5 60,775 3,039 2,127 6 63,814 3,191 2,233 7 67,005 3,350 2,345 8 70,355 3,518 2,462 9 73,873 3,694 2,586 10 77,566 3,878 2,715 11 81,445 4,072 2,851 12 85,517 4,276 2,993 13 89,793 4,490 3,143 14 94,282 4,714 3,300 15 98,997 4,950 3,465 16 103,946 5,197 3,638 17 109,144 5,457 3,820 18 114,601 5,730 4,011 19 120,331 6,017 4,212 20 126,348 6,317 4,422 TOTAL $82,665 $57,865 - 7LOCAL CD$50,00012 Month4.85%9.92x (National Avg. - 0.49%)$5,000Bank-SCENARIO
Year Rate
4.85%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,425 1,698 2 52,425 2,543 1,780 3 54,968 2,666 1,866 4 57,634 2,795 1,957 5 60,429 2,931 2,052 6 63,360 3,073 2,151 7 66,433 3,222 2,255 8 69,654 3,378 2,365 9 73,033 3,542 2,479 10 76,575 3,714 2,600 11 80,289 3,894 2,726 12 84,183 4,083 2,858 13 88,266 4,281 2,997 14 92,546 4,489 3,142 15 97,035 4,706 3,294 16 101,741 4,934 3,454 17 106,676 5,174 3,622 18 111,849 5,425 3,797 19 117,274 5,688 3,981 20 122,962 5,964 4,175 TOTAL $78,925 $55,248 - 8LOCAL CD$50,00012 Month5.65%11.55x (National Avg. - 0.49%)$1,000Bank-SCENARIO
Year Rate
5.65%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,825 1,978 2 52,825 2,985 2,089 3 55,810 3,153 2,207 4 58,963 3,331 2,332 5 62,294 3,520 2,464 6 65,814 3,718 2,603 7 69,532 3,929 2,750 8 73,461 4,151 2,905 9 77,611 4,385 3,070 10 81,997 4,633 3,243 11 86,629 4,895 3,426 12 91,524 5,171 3,620 13 96,695 5,463 3,824 14 102,158 5,772 4,040 15 107,930 6,098 4,269 16 114,028 6,443 4,510 17 120,471 6,807 4,765 18 127,277 7,191 5,034 19 134,469 7,597 5,318 20 142,066 8,027 5,619 TOTAL $100,093 $70,065