Compare Analysis of CFG Bank with 2.30% APY and North American Savings Bank, F.S.B. with 2.53% 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.2.30%15.75x (National Avg. - 0.15%)$1,000Online Bank-SCENARIO
Year Rate
2.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,150 805 2 51,150 1,176 824 3 52,326 1,204 842 4 53,530 1,231 862 5 54,761 1,260 882 6 56,021 1,288 902 7 57,309 1,318 923 8 58,627 1,348 944 9 59,976 1,379 966 10 61,355 1,411 988 11 62,766 1,444 1,011 12 64,210 1,477 1,034 13 65,687 1,511 1,058 14 67,198 1,546 1,082 15 68,743 1,581 1,107 16 70,324 1,617 1,132 17 71,942 1,655 1,158 18 73,596 1,693 1,185 19 75,289 1,732 1,212 20 77,021 1,771 1,240 TOTAL $28,792 $20,154 - 2ONLINE SAVINGS$50,000N.A.2.53%17.33x (National Avg. - 0.15%)$25,000Bank-SCENARIO
Year Rate
2.53%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,265 886 2 51,265 1,297 908 3 52,562 1,330 931 4 53,892 1,363 954 5 55,255 1,398 979 6 56,653 1,433 1,003 7 58,087 1,470 1,029 8 59,556 1,507 1,055 9 61,063 1,545 1,081 10 62,608 1,584 1,109 11 64,192 1,624 1,137 12 65,816 1,665 1,166 13 67,481 1,707 1,195 14 69,188 1,750 1,225 15 70,939 1,795 1,256 16 72,733 1,840 1,288 17 74,574 1,887 1,321 18 76,460 1,934 1,354 19 78,395 1,983 1,388 20 80,378 2,034 1,423 TOTAL $32,412 $22,688