Compare Analysis of My e-Banc, a division of Bradesco BAC Florida Bank with 5.49% 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
    ONLINE CD
    My e-Banc, a division of Bradesco BAC Florida Bank
    $50,000
    6 Month
    5.49%
    8.01x (National Avg. - 0.69%)
    $50,000
    Online Bank
    -
     
    SCENARIO
    Year Rate
    5.49%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,745 1,922
    2 52,745 2,896 2,027
    3 55,641 3,055 2,138
    4 58,695 3,222 2,256
    5 61,918 3,399 2,379
    6 65,317 3,586 2,510
    7 68,903 3,783 2,648
    8 72,686 3,990 2,793
    9 76,676 4,210 2,947
    10 80,886 4,441 3,108
    11 85,326 4,684 3,279
    12 90,011 4,942 3,459
    13 94,952 5,213 3,649
    14 100,165 5,499 3,849
    15 105,664 5,801 4,061
    16 111,465 6,119 4,284
    17 117,585 6,455 4,519
    18 124,040 6,810 4,767
    19 130,850 7,184 5,029
    20 138,034 7,578 5,305
    TOTAL $95,612 $66,928
  • 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