Compare Analysis of Wells River Savings Bank with 1.52% 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
    Wells River Savings Bank
    $50,000
    60 Month
    1.52%
    1.67x (National Avg. - 0.91%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.52%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 760 532
    2 50,760 772 540
    3 51,532 783 548
    4 52,315 795 557
    5 53,110 807 565
    6 53,917 820 574
    7 54,737 832 582
    8 55,569 845 591
    9 56,413 857 600
    10 57,271 871 609
    11 58,141 884 619
    12 59,025 897 628
    13 59,922 911 638
    14 60,833 925 647
    15 61,758 939 657
    16 62,697 953 667
    17 63,650 967 677
    18 64,617 982 688
    19 65,599 997 698
    20 66,596 1,012 709
    TOTAL $17,609 $12,326
  • 2
    LOCAL 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