Compare Analysis of Incredible Bank, a division of River Valley Bank with 4.58% 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.
- 1ONLINE CD$50,00036 Month4.58%6.12x (National Avg. - 0.75%)$1,000Online Bank-SCENARIO
Year Rate
4.58%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,290 1,603 2 52,290 2,395 1,676 3 54,685 2,505 1,753 4 57,189 2,619 1,833 5 59,809 2,739 1,917 6 62,548 2,865 2,005 7 65,413 2,996 2,097 8 68,409 3,133 2,193 9 71,542 3,277 2,294 10 74,818 3,427 2,399 11 78,245 3,584 2,509 12 81,829 3,748 2,623 13 85,576 3,919 2,744 14 89,496 4,099 2,869 15 93,595 4,287 3,001 16 97,881 4,483 3,138 17 102,364 4,688 3,282 18 107,053 4,903 3,432 19 111,956 5,128 3,589 20 117,083 5,362 3,754 TOTAL $72,445 $50,712 - 2ONLINE SAVINGS$50,000N.A.5.15%22.10x (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