Compare Analysis of Tendto with 1.23% 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.
- 1LOCAL CD$50,00060 Month1.23%1.35x (National Avg. - 0.91%)$100,000Credit Union-SCENARIO
Year Rate
1.23%Annual
InterestAnnual Interest
(After Tax)1 50,000 615 431 2 50,615 623 436 3 51,238 630 441 4 51,868 638 447 5 52,506 646 452 6 53,152 654 458 7 53,805 662 463 8 54,467 670 469 9 55,137 678 475 10 55,815 687 481 11 56,502 695 486 12 57,197 704 492 13 57,900 712 499 14 58,612 721 505 15 59,333 730 511 16 60,063 739 517 17 60,802 748 524 18 61,550 757 530 19 62,307 766 536 20 63,073 776 543 TOTAL $13,849 $9,694 - 2LOCAL SAVINGS$50,000N.A.5.15%22.01x (National Avg. - 0.23%)$0Bank-SCENARIO
Year Rate
5.15%Annual
InterestAnnual 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