Compare Analysis of Guadalupe Parish with 0.72% 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.
- 1LOCAL SAVINGS$50,000N.A.0.72%3.34x (National Avg. - 0.22%)$2,500Credit Union-SCENARIO
Year Rate
0.72%Annual
InterestAnnual Interest
(After Tax)1 50,000 359 251 2 50,359 362 253 3 50,721 364 255 4 51,085 367 257 5 51,452 369 259 6 51,821 372 260 7 52,193 375 262 8 52,568 377 264 9 52,945 380 266 10 53,325 383 268 11 53,708 386 270 12 54,094 388 272 13 54,482 391 274 14 54,873 394 276 15 55,267 397 278 16 55,664 400 280 17 56,064 403 282 18 56,466 405 284 19 56,872 408 286 20 57,280 411 288 TOTAL $7,692 $5,384 - 2LOCAL SAVINGS$50,000N.A.5.15%23.95x (National Avg. - 0.22%)$0Bank-SCENARIO
Year Rate
5.15%Annual
InterestAnnual 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