Compare Analysis of Electric Cooperatives with 0.25% 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.

  • 1
    LOCAL CD
    Electric Cooperatives
    $50,000
    24 Month
    0.25%
    0.27x (National Avg. - 0.95%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 127 89
    2 50,127 127 89
    3 50,254 128 89
    4 50,382 128 90
    5 50,510 128 90
    6 50,638 129 90
    7 50,767 129 90
    8 50,896 129 90
    9 51,025 130 91
    10 51,155 130 91
    11 51,285 130 91
    12 51,415 131 91
    13 51,545 131 92
    14 51,676 131 92
    15 51,808 132 92
    16 51,939 132 92
    17 52,071 132 93
    18 52,203 133 93
    19 52,336 133 93
    20 52,469 133 93
    TOTAL $2,602 $1,822
  • 2
    LOCAL SAVINGS
    Forbright Bank , ★ TOP PICK ★
    $50,000
    N.A.
    5.15%
    23.95x (National Avg. - 0.22%)
    $0
    Bank
    -
    SCENARIO
    Year Rate
    5.15%    		 Annual
    Interest    		 Annual 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