Compare Analysis of Transportation Alliance Bank, Inc. d/b/a TAB Bank with 5.27% 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
    ONLINE CD
    Transportation Alliance Bank, Inc. d/b/a TAB Bank
    $50,000
    9 Month
    5.27%
    N.A.
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.27%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,635 1,845
    2 52,635 2,774 1,942
    3 55,409 2,920 2,044
    4 58,329 3,074 2,152
    5 61,403 3,236 2,265
    6 64,639 3,406 2,385
    7 68,045 3,586 2,510
    8 71,631 3,775 2,642
    9 75,406 3,974 2,782
    10 79,380 4,183 2,928
    11 83,563 4,404 3,083
    12 87,967 4,636 3,245
    13 92,603 4,880 3,416
    14 97,483 5,137 3,596
    15 102,621 5,408 3,786
    16 108,029 5,693 3,985
    17 113,722 5,993 4,195
    18 119,715 6,309 4,416
    19 126,024 6,641 4,649
    20 132,665 6,991 4,894
    TOTAL $89,657 $62,760
  • 2
    ONLINE SAVINGS
    Forbright Bank , ★ TOP PICK ★
    $50,000
    N.A.
    5.15%
    22.10x (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