Compare Analysis of Frost Bank with 4.28% 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
    Frost Bank
    $50,000
    6 Month
    4.28%
    6.25x (National Avg. - 0.69%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.28%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,140 1,498
    2 52,140 2,232 1,562
    3 54,372 2,327 1,629
    4 56,699 2,427 1,699
    5 59,125 2,531 1,771
    6 61,656 2,639 1,847
    7 64,295 2,752 1,926
    8 67,047 2,870 2,009
    9 69,916 2,992 2,095
    10 72,909 3,120 2,184
    11 76,029 3,254 2,278
    12 79,283 3,393 2,375
    13 82,677 3,539 2,477
    14 86,215 3,690 2,583
    15 89,905 3,848 2,694
    16 93,753 4,013 2,809
    17 97,766 4,184 2,929
    18 101,950 4,363 3,054
    19 106,313 4,550 3,185
    20 110,864 4,745 3,321
    TOTAL $65,609 $45,926
  • 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