Compare Analysis of Primis Bank with 4.92% APY and Discover Bank with 3.90% APY and Citizens with 4.50% 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 SAVINGS
    Primis Bank
    $50,000
    N.A.
    4.92%
    31.14x (National Avg. - 0.16%)
    $1
    Bank
    -
     
    SCENARIO
    Year Rate
    4.92%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,460 1,722
    2 52,460 2,581 1,807
    3 55,041 2,708 1,896
    4 57,749 2,841 1,989
    5 60,590 2,981 2,087
    6 63,571 3,128 2,189
    7 66,699 3,282 2,297
    8 69,981 3,443 2,410
    9 73,424 3,612 2,529
    10 77,036 3,790 2,653
    11 80,826 3,977 2,784
    12 84,803 4,172 2,921
    13 88,975 4,378 3,064
    14 93,353 4,593 3,215
    15 97,946 4,819 3,373
    16 102,765 5,056 3,539
    17 107,821 5,305 3,713
    18 113,126 5,566 3,896
    19 118,691 5,840 4,088
    20 124,531 6,127 4,289
    TOTAL $80,658 $56,461
  • 2
    LOCAL SAVINGS
    Discover Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.90%
    24.68x (National Avg. - 0.16%)
    $0
    Online Bank
    -
    SCENARIO
    Year Rate
    3.90%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,950 1,365
    2 51,950 2,026 1,418
    3 53,976 2,105 1,474
    4 56,081 2,187 1,531
    5 58,268 2,272 1,591
    6 60,541 2,361 1,653
    7 62,902 2,453 1,717
    8 65,355 2,549 1,784
    9 67,904 2,648 1,854
    10 70,552 2,752 1,926
    11 73,304 2,859 2,001
    12 76,162 2,970 2,079
    13 79,133 3,086 2,160
    14 82,219 3,207 2,245
    15 85,426 3,332 2,332
    16 88,757 3,462 2,423
    17 92,219 3,597 2,518
    18 95,815 3,737 2,616
    19 99,552 3,883 2,718
    20 103,434 4,034 2,824
    TOTAL $57,468 $40,228
  • 3
    ONLINE SAVINGS
    Citizens , ★ TOP PICK ★
    $50,000
    N.A.
    4.50%
    28.48x (National Avg. - 0.16%)
    $1
    Online Bank
    -
    SCENARIO
    Year Rate
    4.50%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,250 1,575
    2 52,250 2,351 1,646
    3 54,601 2,457 1,720
    4 57,058 2,568 1,797
    5 59,626 2,683 1,878
    6 62,309 2,804 1,963
    7 65,113 2,930 2,051
    8 68,043 3,062 2,143
    9 71,105 3,200 2,240
    10 74,305 3,344 2,341
    11 77,648 3,494 2,446
    12 81,143 3,651 2,556
    13 84,794 3,816 2,671
    14 88,610 3,987 2,791
    15 92,597 4,167 2,917
    16 96,764 4,354 3,048
    17 101,119 4,550 3,185
    18 105,669 4,755 3,329
    19 110,424 4,969 3,478
    20 115,393 5,193 3,635
    TOTAL $70,586 $49,410