Compare Analysis of First Castle with 1.08% 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
    First Castle
    $50,000
    48 Month
    1.08%
    1.14x (National Avg. - 0.95%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.08%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 540 378
    2 50,540 546 382
    3 51,086 552 386
    4 51,638 558 390
    5 52,195 564 395
    6 52,759 570 399
    7 53,329 576 403
    8 53,905 582 408
    9 54,487 588 412
    10 55,075 595 416
    11 55,670 601 421
    12 56,271 608 425
    13 56,879 614 430
    14 57,493 621 435
    15 58,114 628 439
    16 58,742 634 444
    17 59,376 641 449
    18 60,018 648 454
    19 60,666 655 459
    20 61,321 662 464
    TOTAL $11,983 $8,388
  • 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