Compare Analysis of TotalDirect, a division of City National Bank of Florida with 5.26% APY and Bask Bank with 5.10% 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.
- 1ONLINE MONEY MARKET$50,000N.A.5.26%22.97x (National Avg. - 0.23%)$2,500Online Bank-SCENARIO
Year Rate
5.26%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,630 1,841 2 52,630 2,768 1,938 3 55,398 2,914 2,040 4 58,312 3,067 2,147 5 61,380 3,229 2,260 6 64,608 3,398 2,379 7 68,006 3,577 2,504 8 71,584 3,765 2,636 9 75,349 3,963 2,774 10 79,312 4,172 2,920 11 83,484 4,391 3,074 12 87,875 4,622 3,236 13 92,498 4,865 3,406 14 97,363 5,121 3,585 15 102,484 5,391 3,773 16 107,875 5,674 3,972 17 113,549 5,973 4,181 18 119,522 6,287 4,401 19 125,809 6,618 4,632 20 132,426 6,966 4,876 TOTAL $89,392 $62,574 - 2LOCAL SAVINGS$50,000N.A.5.10%22.27x (National Avg. - 0.23%)$0Online Bank-SCENARIO
Year Rate
5.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,550 1,785 2 52,550 2,680 1,876 3 55,230 2,817 1,972 4 58,047 2,960 2,072 5 61,007 3,111 2,178 6 64,119 3,270 2,289 7 67,389 3,437 2,406 8 70,825 3,612 2,528 9 74,437 3,796 2,657 10 78,234 3,990 2,793 11 82,224 4,193 2,935 12 86,417 4,407 3,085 13 90,824 4,632 3,242 14 95,456 4,868 3,408 15 100,325 5,117 3,582 16 105,441 5,378 3,764 17 110,819 5,652 3,956 18 116,471 5,940 4,158 19 122,411 6,243 4,370 20 128,654 6,561 4,593 TOTAL $85,215 $59,650