Compare Analysis of Peoples Bank (Mississippi) with 1.67% 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
    Peoples Bank (Mississippi)
    $50,000
    36 Month
    1.67%
    2.23x (National Avg. - 0.75%)
    $100,000
    Online Bank
    -
     
    SCENARIO
    Year Rate
    1.67%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 835 585
    2 50,835 849 594
    3 51,684 863 604
    4 52,547 878 614
    5 53,425 892 625
    6 54,317 907 635
    7 55,224 922 646
    8 56,146 938 656
    9 57,084 953 667
    10 58,037 969 678
    11 59,006 985 690
    12 59,992 1,002 701
    13 60,994 1,019 713
    14 62,012 1,036 725
    15 63,048 1,053 737
    16 64,101 1,070 749
    17 65,171 1,088 762
    18 66,259 1,107 775
    19 67,366 1,125 788
    20 68,491 1,144 801
    TOTAL $19,635 $13,744
  • 2
    ONLINE SAVINGS
    Forbright Bank , ★ TOP PICK ★
    $50,000
    N.A.
    5.15%
    22.10x (National Avg. - 0.23%)
    $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