Compare Analysis of Hyperion Bank with 1.95% 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 CD$50,00048 Month1.95%2.05x (National Avg. - 0.95%)$500Bank-SCENARIO
Year Rate
1.95%Annual
InterestAnnual Interest
(After Tax)1 50,000 975 683 2 50,975 994 696 3 51,969 1,013 709 4 52,982 1,033 723 5 54,016 1,053 737 6 55,069 1,074 752 7 56,143 1,095 766 8 57,237 1,116 781 9 58,354 1,138 797 10 59,492 1,160 812 11 60,652 1,183 828 12 61,834 1,206 844 13 63,040 1,229 860 14 64,269 1,253 877 15 65,523 1,278 894 16 66,800 1,303 912 17 68,103 1,328 930 18 69,431 1,354 948 19 70,785 1,380 966 20 72,165 1,407 985 TOTAL $23,572 $16,501 - 2LOCAL SAVINGS$50,000N.A.5.15%22.01x (National Avg. - 0.23%)$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