Compare Analysis of Kirkwood Bank & Trust Co. with 1.15% 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$50,00060 Month1.15%1.26x (National Avg. - 0.91%)$10,000Bank-SCENARIO
Year Rate
1.15%Annual
InterestAnnual Interest
(After Tax)1 50,000 575 403 2 50,575 582 407 3 51,157 588 412 4 51,745 595 417 5 52,340 602 421 6 52,942 609 426 7 53,551 616 431 8 54,167 623 436 9 54,789 630 441 10 55,420 637 446 11 56,057 645 451 12 56,702 652 456 13 57,354 660 462 14 58,013 667 467 15 58,680 675 472 16 59,355 683 478 17 60,038 690 483 18 60,728 698 489 19 61,427 706 494 20 62,133 715 500 TOTAL $12,847 $8,993 - 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