Compare Analysis of Ohio University with 0.21% 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 MONEY MARKET$50,000N.A.0.21%0.90x (National Avg. - 0.23%)$2,500Credit Union-SCENARIO
Year Rate
0.21%Annual
InterestAnnual Interest
(After Tax)1 50,000 105 74 2 50,105 105 74 3 50,210 105 74 4 50,316 106 74 5 50,421 106 74 6 50,527 106 74 7 50,633 106 74 8 50,740 107 75 9 50,846 107 75 10 50,953 107 75 11 51,060 107 75 12 51,167 107 75 13 51,275 108 75 14 51,382 108 76 15 51,490 108 76 16 51,598 108 76 17 51,707 109 76 18 51,815 109 76 19 51,924 109 76 20 52,033 109 76 TOTAL $2,142 $1,500 - 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