Compare Analysis of Guadalupe Parish with 0.60% 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
    6 Month
    0.60%
    0.87x (National Avg. - 0.69%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 299 209
    2 50,299 300 210
    3 50,599 302 211
    4 50,901 304 213
    5 51,205 306 214
    6 51,510 308 215
    7 51,818 309 217
    8 52,127 311 218
    9 52,438 313 219
    10 52,752 315 220
    11 53,066 317 222
    12 53,383 319 223
    13 53,702 321 224
    14 54,023 323 226
    15 54,345 324 227
    16 54,670 326 228
    17 54,996 328 230
    18 55,324 330 231
    19 55,655 332 233
    20 55,987 334 234
    TOTAL $6,321 $4,425
  • 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