Compare Analysis of Frost Bank with 2.05% 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 MONEY MARKET$50,000N.A.2.05%9.53x (National Avg. - 0.22%)$50,000Bank-SCENARIO
Year Rate
2.05%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,025 718 2 51,025 1,046 732 3 52,071 1,067 747 4 53,138 1,089 763 5 54,228 1,112 778 6 55,339 1,134 794 7 56,474 1,158 810 8 57,632 1,181 827 9 58,813 1,206 844 10 60,019 1,230 861 11 61,249 1,256 879 12 62,505 1,281 897 13 63,786 1,308 915 14 65,094 1,334 934 15 66,428 1,362 953 16 67,790 1,390 973 17 69,180 1,418 993 18 70,598 1,447 1,013 19 72,045 1,477 1,034 20 73,522 1,507 1,055 TOTAL $25,029 $17,520 - 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