Compare Analysis of Guadalupe Parish with 0.65% 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
    Guadalupe Parish
    $50,000
    12 Month
    0.65%
    0.77x (National Avg. - 0.84%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.65%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 324 226
    2 50,324 326 228
    3 50,649 328 229
    4 50,977 330 231
    5 51,307 332 232
    6 51,639 334 234
    7 51,973 336 235
    8 52,309 338 237
    9 52,647 341 238
    10 52,988 343 240
    11 53,331 345 242
    12 53,676 347 243
    13 54,023 350 245
    14 54,373 352 246
    15 54,724 354 248
    16 55,079 356 249
    17 55,435 359 251
    18 55,794 361 253
    19 56,155 363 254
    20 56,518 366 256
    TOTAL $6,884 $4,818
  • 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