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.

  • 1
    LOCAL CD
    Fieldstone
    $50,000
    36 Month
    0.61%
    0.70x (National Avg. - 0.87%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.61%    		 Annual
    Interest    		 Annual 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
  • 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