Compare Analysis of Southwestern National Bank with 0.83% 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
    48 Month
    0.83%
    0.87x (National Avg. - 0.95%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.83%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 413 289
    2 50,413 416 291
    3 50,828 419 294
    4 51,248 423 296
    5 51,671 426 298
    6 52,097 430 301
    7 52,527 433 303
    8 52,960 437 306
    9 53,397 441 308
    10 53,837 444 311
    11 54,282 448 313
    12 54,729 452 316
    13 55,181 455 319
    14 55,636 459 321
    15 56,095 463 324
    16 56,558 467 327
    17 57,025 470 329
    18 57,495 474 332
    19 57,969 478 335
    20 58,448 482 338
    TOTAL $8,930 $6,251
  • 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