Compare Analysis of West Union Bank with 0.16% 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 MONEY MARKET
    West Union Bank
    $50,000
    N.A.
    0.16%
    0.75x (National Avg. - 0.22%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.16%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 81 57
    2 50,081 81 57
    3 50,162 81 57
    4 50,243 81 57
    5 50,325 82 57
    6 50,406 82 57
    7 50,488 82 57
    8 50,570 82 57
    9 50,652 82 57
    10 50,734 82 58
    11 50,816 82 58
    12 50,898 82 58
    13 50,981 83 58
    14 51,063 83 58
    15 51,146 83 58
    16 51,229 83 58
    17 51,312 83 58
    18 51,395 83 58
    19 51,478 83 58
    20 51,562 84 58
    TOTAL $1,645 $1,152
  • 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