Compare Analysis of Plus with 1.25% 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
    24 Month
    1.25%
    1.90x (National Avg. - 0.66%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 624 436
    2 50,624 631 442
    3 51,255 639 447
    4 51,894 647 453
    5 52,541 655 459
    6 53,196 663 464
    7 53,860 672 470
    8 54,531 680 476
    9 55,211 688 482
    10 55,900 697 488
    11 56,597 706 494
    12 57,303 715 500
    13 58,017 723 506
    14 58,741 732 513
    15 59,473 742 519
    16 60,215 751 526
    17 60,966 760 532
    18 61,726 770 539
    19 62,496 779 546
    20 63,275 789 552
    TOTAL $14,064 $9,845
  • 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