Compare Analysis of First State Bank of Texas with 1.38% 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 State Bank of Texas
    $50,000
    36 Month
    1.38%
    1.58x (National Avg. - 0.87%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.38%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 688 482
    2 50,688 697 488
    3 51,385 707 495
    4 52,093 717 502
    5 52,809 727 509
    6 53,536 737 516
    7 54,273 747 523
    8 55,019 757 530
    9 55,776 767 537
    10 56,544 778 545
    11 57,322 789 552
    12 58,111 800 560
    13 58,910 811 567
    14 59,721 822 575
    15 60,543 833 583
    16 61,376 845 591
    17 62,220 856 599
    18 63,076 868 608
    19 63,944 880 616
    20 64,824 892 624
    TOTAL $15,716 $11,001
  • 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