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.

  • 1
    ONLINE MONEY MARKET
    $50,000
    N.A.
    5.26%
    22.97x (National Avg. - 0.23%)
    $2,500
    Online Bank
    -
     
    SCENARIO
    Year Rate
    5.26%
    Annual
    Interest
    Annual 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
  • 2
    LOCAL SAVINGS
    $50,000
    N.A.
    5.10%
    22.27x (National Avg. - 0.23%)
    $0
    Online Bank
    -
    SCENARIO
    Year Rate
    5.10%
    Annual
    Interest
    Annual 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