Compare Analysis of Guadalupe Parish with 1.00% 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
    1.00%
    1.05x (National Avg. - 0.95%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 498 348
    2 50,498 502 352
    3 51,000 507 355
    4 51,507 512 359
    5 52,020 518 362
    6 52,537 523 366
    7 53,060 528 370
    8 53,588 533 373
    9 54,121 539 377
    10 54,660 544 381
    11 55,204 549 384
    12 55,753 555 388
    13 56,308 560 392
    14 56,868 566 396
    15 57,434 571 400
    16 58,005 577 404
    17 58,583 583 408
    18 59,165 589 412
    19 59,754 595 416
    20 60,349 600 420
    TOTAL $10,949 $7,664
  • 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