Compare Analysis of Frost Bank with 3.60% 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$50,00024 Month3.60%3.81x (National Avg. - 0.95%)$1,000Bank-SCENARIO
Year Rate
3.60%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,800 1,260 2 51,800 1,865 1,305 3 53,665 1,932 1,352 4 55,597 2,001 1,401 5 57,598 2,074 1,451 6 59,672 2,148 1,504 7 61,820 2,226 1,558 8 64,045 2,306 1,614 9 66,351 2,389 1,672 10 68,740 2,475 1,732 11 71,214 2,564 1,795 12 73,778 2,656 1,859 13 76,434 2,752 1,926 14 79,186 2,851 1,995 15 82,036 2,953 2,067 16 84,990 3,060 2,142 17 88,049 3,170 2,219 18 91,219 3,284 2,299 19 94,503 3,402 2,381 20 97,905 3,525 2,467 TOTAL $51,430 $36,001 - 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