Compare Analysis of Transportation Alliance Bank, Inc. d/b/a TAB Bank with 4.76% APY and Discover Bank with 4.00% APY and First Foundation Bank with 4.85% APY and Citizens with 4.50% 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.
- 1ONLINE SAVINGS$50,000N.A.4.76%27.67x (National Avg. - 0.17%)$1Bank-SCENARIO
Year Rate
4.76%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,380 1,666 2 52,380 2,493 1,745 3 54,873 2,612 1,828 4 57,485 2,736 1,915 5 60,222 2,867 2,007 6 63,088 3,003 2,102 7 66,091 3,146 2,202 8 69,237 3,296 2,307 9 72,533 3,453 2,417 10 75,985 3,617 2,532 11 79,602 3,789 2,652 12 83,391 3,969 2,779 13 87,361 4,158 2,911 14 91,519 4,356 3,049 15 95,875 4,564 3,195 16 100,439 4,781 3,347 17 105,220 5,008 3,506 18 110,228 5,247 3,673 19 115,475 5,497 3,848 20 120,972 5,758 4,031 TOTAL $76,730 $53,711 - 2LOCAL SAVINGS$50,000N.A.4.00%23.26x (National Avg. - 0.17%)$0Online Bank-SCENARIO
Year Rate
4.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,000 1,400 2 52,000 2,080 1,456 3 54,080 2,163 1,514 4 56,243 2,250 1,575 5 58,493 2,340 1,638 6 60,833 2,433 1,703 7 63,266 2,531 1,771 8 65,797 2,632 1,842 9 68,428 2,737 1,916 10 71,166 2,847 1,993 11 74,012 2,960 2,072 12 76,973 3,079 2,155 13 80,052 3,202 2,241 14 83,254 3,330 2,331 15 86,584 3,463 2,424 16 90,047 3,602 2,521 17 93,649 3,746 2,622 18 97,395 3,896 2,727 19 101,291 4,052 2,836 20 105,342 4,214 2,950 TOTAL $59,556 $41,689 - 3LOCAL SAVINGS$50,000N.A.4.85%28.20x (National Avg. - 0.17%)$1,000Bank-SCENARIO
Year Rate
4.85%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,425 1,698 2 52,425 2,543 1,780 3 54,968 2,666 1,866 4 57,634 2,795 1,957 5 60,429 2,931 2,052 6 63,360 3,073 2,151 7 66,433 3,222 2,255 8 69,654 3,378 2,365 9 73,033 3,542 2,479 10 76,575 3,714 2,600 11 80,289 3,894 2,726 12 84,183 4,083 2,858 13 88,266 4,281 2,997 14 92,546 4,489 3,142 15 97,035 4,706 3,294 16 101,741 4,934 3,454 17 106,676 5,174 3,622 18 111,849 5,425 3,797 19 117,274 5,688 3,981 20 122,962 5,964 4,175 TOTAL $78,925 $55,248 - 4ONLINE SAVINGS$50,000N.A.4.50%26.16x (National Avg. - 0.17%)$1Online Bank-SCENARIO
Year Rate
4.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,250 1,575 2 52,250 2,351 1,646 3 54,601 2,457 1,720 4 57,058 2,568 1,797 5 59,626 2,683 1,878 6 62,309 2,804 1,963 7 65,113 2,930 2,051 8 68,043 3,062 2,143 9 71,105 3,200 2,240 10 74,305 3,344 2,341 11 77,648 3,494 2,446 12 81,143 3,651 2,556 13 84,794 3,816 2,671 14 88,610 3,987 2,791 15 92,597 4,167 2,917 16 96,764 4,354 3,048 17 101,119 4,550 3,185 18 105,669 4,755 3,329 19 110,424 4,969 3,478 20 115,393 5,193 3,635 TOTAL $70,586 $49,410