Compare Analysis of The Middlefield Banking Company with 0.42% 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.
- 1LOCAL CD$50,00024 Month0.42%0.44x (National Avg. - 0.95%)$100,000Bank-SCENARIO
Year Rate
0.42%Annual
InterestAnnual Interest
(After Tax)1 50,000 210 147 2 50,210 211 148 3 50,421 212 148 4 50,633 213 149 5 50,845 214 149 6 51,059 214 150 7 51,273 215 151 8 51,489 216 151 9 51,705 217 152 10 51,922 218 153 11 52,140 219 153 12 52,359 220 154 13 52,579 221 155 14 52,800 222 155 15 53,022 223 156 16 53,244 224 157 17 53,468 225 157 18 53,693 226 158 19 53,918 226 159 20 54,144 227 159 TOTAL $4,372 $3,060 - 2LOCAL SAVINGS$50,000N.A.5.15%22.01x (National Avg. - 0.23%)$0Bank-SCENARIO
Year Rate
5.15%Annual
InterestAnnual 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