Compare Analysis of Fieldstone with 0.61% 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$50,00036 Month0.61%0.70x (National Avg. - 0.87%)$10,000Credit Union-SCENARIO
Year Rate
0.61%Annual
InterestAnnual Interest
(After Tax)1 50,000 306 214 2 50,306 308 216 3 50,614 310 217 4 50,924 312 218 5 51,235 314 219 6 51,549 315 221 7 51,864 317 222 8 52,182 319 224 9 52,501 321 225 10 52,822 323 226 11 53,146 325 228 12 53,471 327 229 13 53,798 329 230 14 54,127 331 232 15 54,459 333 233 16 54,792 335 235 17 55,127 337 236 18 55,465 339 238 19 55,804 342 239 20 56,146 344 241 TOTAL $6,489 $4,542 - 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