Compare Analysis of Williamsville State Bank & Trust with 0.75% 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$50,00030 Month0.75%N.A.$1,000Bank-SCENARIO
Year Rate
0.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 375 263 2 50,375 378 264 3 50,753 381 266 4 51,133 384 268 5 51,517 386 270 6 51,903 389 272 7 52,293 392 275 8 52,685 395 277 9 53,080 398 279 10 53,478 401 281 11 53,879 404 283 12 54,283 407 285 13 54,690 410 287 14 55,101 413 289 15 55,514 416 291 16 55,930 419 294 17 56,350 423 296 18 56,772 426 298 19 57,198 429 300 20 57,627 432 303 TOTAL $8,059 $5,641 - 2LOCAL SAVINGS$50,000N.A.5.15%23.95x (National Avg. - 0.22%)$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