Compare Analysis of Southwestern National Bank with 0.93% 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
    Southwestern National Bank
    $50,000
    36 Month
    0.93%
    1.06x (National Avg. - 0.87%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.93%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 463 324
    2 50,463 467 327
    3 50,929 471 330
    4 51,400 475 333
    5 51,876 480 336
    6 52,356 484 339
    7 52,840 489 342
    8 53,329 493 345
    9 53,822 498 348
    10 54,320 502 352
    11 54,822 507 355
    12 55,329 512 358
    13 55,841 517 362
    14 56,358 521 365
    15 56,879 526 368
    16 57,405 531 372
    17 57,936 536 375
    18 58,472 541 379
    19 59,013 546 382
    20 59,559 551 386
    TOTAL $10,110 $7,077
  • 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