Compare Analysis of Frost Bank with 4.08% 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.
- 1LOCAL CD$50,00012 Month4.08%4.89x (National Avg. - 0.84%)$1,000Bank-SCENARIO
Year Rate
4.08%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,040 1,428 2 52,040 2,123 1,486 3 54,163 2,210 1,547 4 56,373 2,300 1,610 5 58,673 2,394 1,676 6 61,067 2,492 1,744 7 63,559 2,593 1,815 8 66,152 2,699 1,889 9 68,851 2,809 1,966 10 71,660 2,924 2,047 11 74,584 3,043 2,130 12 77,627 3,167 2,217 13 80,794 3,296 2,307 14 84,090 3,431 2,402 15 87,521 3,571 2,500 16 91,092 3,717 2,602 17 94,808 3,868 2,708 18 98,677 4,026 2,818 19 102,703 4,190 2,933 20 106,893 4,361 3,053 TOTAL $61,254 $42,878 - 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