Compare Analysis of Guadalupe Parish with 0.94% 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
    24 Month
    0.94%
    1.00x (National Avg. - 0.95%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.94%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 472 330
    2 50,472 476 334
    3 50,948 481 337
    4 51,429 485 340
    5 51,915 490 343
    6 52,405 495 346
    7 52,900 499 350
    8 53,399 504 353
    9 53,903 509 356
    10 54,412 514 360
    11 54,926 518 363
    12 55,444 523 366
    13 55,968 528 370
    14 56,496 533 373
    15 57,029 538 377
    16 57,568 543 380
    17 58,111 549 384
    18 58,660 554 388
    19 59,213 559 391
    20 59,772 564 395
    TOTAL $10,337 $7,236
  • 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