Compare Analysis of Southwestern National Bank with 0.98% 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
    0.98%
    1.03x (National Avg. - 0.95%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.98%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 488 341
    2 50,488 492 345
    3 50,980 497 348
    4 51,477 502 351
    5 51,979 507 355
    6 52,485 512 358
    7 52,997 517 362
    8 53,514 522 365
    9 54,036 527 369
    10 54,563 532 372
    11 55,095 537 376
    12 55,632 542 380
    13 56,174 548 383
    14 56,722 553 387
    15 57,275 558 391
    16 57,833 564 395
    17 58,397 569 399
    18 58,967 575 402
    19 59,541 581 406
    20 60,122 586 410
    TOTAL $10,708 $7,496
  • 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