Compare Analysis of Fieldstone with 0.41% 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$50,00012 Month0.41%0.49x (National Avg. - 0.84%)$10,000Credit Union-SCENARIO
Year Rate
0.41%Annual
InterestAnnual Interest
(After Tax)1 50,000 206 144 2 50,206 206 144 3 50,412 207 145 4 50,619 208 146 5 50,827 209 146 6 51,036 210 147 7 51,246 211 147 8 51,456 211 148 9 51,668 212 149 10 51,880 213 149 11 52,093 214 150 12 52,308 215 150 13 52,523 216 151 14 52,738 217 152 15 52,955 218 152 16 53,173 219 153 17 53,391 219 154 18 53,611 220 154 19 53,831 221 155 20 54,052 222 156 TOTAL $4,275 $2,992 - 2LOCAL SAVINGS$50,000N.A.5.15%23.95x (National Avg. - 0.22%)$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