Compare Analysis of Latah with 0.65% 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 Month0.65%0.69x (National Avg. - 0.95%)$100,000Credit Union-SCENARIO
Year Rate
0.65%Annual
InterestAnnual Interest
(After Tax)1 50,000 326 228 2 50,326 328 230 3 50,654 330 231 4 50,984 332 233 5 51,317 335 234 6 51,651 337 236 7 51,988 339 237 8 52,327 341 239 9 52,668 343 240 10 53,012 346 242 11 53,357 348 244 12 53,705 350 245 13 54,055 352 247 14 54,408 355 248 15 54,763 357 250 16 55,120 359 252 17 55,479 362 253 18 55,841 364 255 19 56,205 366 257 20 56,571 369 258 TOTAL $6,940 $4,858 - 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