Compare Analysis of New Carlisle Federal Savings Bank with 0.32% 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$50,00012 Month0.32%0.38x (National Avg. - 0.84%)$100,000Bank-SCENARIO
Year Rate
0.32%Annual
InterestAnnual Interest
(After Tax)1 50,000 160 112 2 50,160 161 112 3 50,321 161 113 4 50,482 162 113 5 50,643 162 113 6 50,805 163 114 7 50,968 163 114 8 51,131 164 115 9 51,294 164 115 10 51,459 165 115 11 51,623 165 116 12 51,788 166 116 13 51,954 166 116 14 52,120 167 117 15 52,287 167 117 16 52,455 168 117 17 52,622 168 118 18 52,791 169 118 19 52,960 169 119 20 53,129 170 119 TOTAL $3,299 $2,309 - 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