Compare Analysis of Slovenian Savings and Loan Association of Franklin-Conemaugh with 1.00% 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
    Slovenian Savings and Loan Association of Franklin-Conemaugh
    $50,000
    60 Month
    1.00%
    1.10x (National Avg. - 0.91%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 502 351
    2 50,502 507 355
    3 51,008 512 358
    4 51,520 517 362
    5 52,036 522 365
    6 52,558 527 369
    7 53,085 532 373
    8 53,618 538 376
    9 54,156 543 380
    10 54,699 549 384
    11 55,248 554 388
    12 55,802 560 392
    13 56,361 565 396
    14 56,927 571 400
    15 57,498 577 404
    16 58,074 582 408
    17 58,657 588 412
    18 59,245 594 416
    19 59,839 600 420
    20 60,440 606 424
    TOTAL $11,046 $7,732
  • 2
    LOCAL SAVINGS
    Forbright Bank , ★ TOP PICK ★
    $50,000
    N.A.
    5.15%
    23.95x (National Avg. - 0.22%)
    $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