Compare Analysis of Kelly Community with 1.36% 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
    Kelly Community
    $50,000
    48 Month
    1.36%
    1.43x (National Avg. - 0.95%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.36%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 680 476
    2 50,680 689 482
    3 51,368 698 489
    4 52,066 708 495
    5 52,774 717 502
    6 53,491 727 509
    7 54,218 737 516
    8 54,955 747 523
    9 55,702 757 530
    10 56,459 767 537
    11 57,226 778 544
    12 58,004 788 552
    13 58,792 799 559
    14 59,591 810 567
    15 60,401 821 575
    16 61,222 832 582
    17 62,054 843 590
    18 62,897 855 598
    19 63,752 866 606
    20 64,618 878 615
    TOTAL $15,496 $10,847
  • 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