Compare Analysis of Fieldstone with 0.53% 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
    Fieldstone
    $50,000
    30 Month
    0.53%
    N.A.
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.53%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 266 186
    2 50,266 267 187
    3 50,532 268 188
    4 50,801 270 189
    5 51,070 271 190
    6 51,342 273 191
    7 51,614 274 192
    8 51,888 276 193
    9 52,164 277 194
    10 52,441 278 195
    11 52,719 280 196
    12 52,999 281 197
    13 53,281 283 198
    14 53,564 284 199
    15 53,848 286 200
    16 54,134 287 201
    17 54,421 289 202
    18 54,710 291 203
    19 55,001 292 204
    20 55,293 294 206
    TOTAL $5,587 $3,911
  • 2
    LOCAL SAVINGS
    Forbright Bank , ★ TOP PICK ★
    $50,000
    N.A.
    5.15%
    22.01x (National Avg. - 0.23%)
    $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