Compare Analysis of Plus with 1.05% 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
    LOCAL CD
    Plus
    $50,000
    12 Month
    1.05%
    1.89x (National Avg. - 0.56%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.05%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 525 367
    2 50,525 530 371
    3 51,055 536 375
    4 51,590 541 379
    5 52,131 547 383
    6 52,678 553 387
    7 53,231 558 391
    8 53,789 564 395
    9 54,353 570 399
    10 54,923 576 403
    11 55,500 582 408
    12 56,082 588 412
    13 56,670 594 416
    14 57,265 601 420
    15 57,865 607 425
    16 58,472 613 429
    17 59,086 620 434
    18 59,706 626 438
    19 60,332 633 443
    20 60,965 640 448
    TOTAL $11,604 $8,123
  • 2
    LOCAL 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