Compare Analysis of Securtrust with 0.57% 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
    Securtrust
    $50,000
    36 Month
    0.57%
    0.65x (National Avg. - 0.87%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.57%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 283 198
    2 50,283 284 199
    3 50,567 286 200
    4 50,852 287 201
    5 51,140 289 202
    6 51,429 291 203
    7 51,719 292 205
    8 52,011 294 206
    9 52,305 296 207
    10 52,601 297 208
    11 52,898 299 209
    12 53,197 301 210
    13 53,497 302 212
    14 53,800 304 213
    15 54,104 306 214
    16 54,409 307 215
    17 54,717 309 216
    18 55,026 311 218
    19 55,337 313 219
    20 55,649 314 220
    TOTAL $5,964 $4,175
  • 2
    LOCAL SAVINGS
    Forbright Bank , ★ TOP PICK ★
    $50,000
    N.A.
    5.15%
    22.01x (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