Compare Analysis of Transportation Alliance Bank, Inc. d/b/a TAB Bank with 0.65% APY and CFG Bank with 0.66% 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.0.65%5.70x (National Avg. - 0.11%)$0Bank-SCENARIO
Year Rate
0.65%Annual
InterestAnnual Interest
(After Tax)1 50,000 325 228 2 50,325 327 229 3 50,652 329 230 4 50,981 331 232 5 51,313 334 233 6 51,646 336 235 7 51,982 338 237 8 52,320 340 238 9 52,660 342 240 10 53,002 345 241 11 53,347 347 243 12 53,693 349 244 13 54,042 351 246 14 54,394 354 247 15 54,747 356 249 16 55,103 358 251 17 55,461 360 252 18 55,822 363 254 19 56,185 365 256 20 56,550 368 257 TOTAL $6,917 $4,842 - 2ONLINE SAVINGS$50,000N.A.0.66%5.79x (National Avg. - 0.11%)$25,000Online Bank-SCENARIO
Year Rate
0.66%Annual
InterestAnnual Interest
(After Tax)1 50,000 330 231 2 50,330 332 233 3 50,662 334 234 4 50,997 337 236 5 51,333 339 237 6 51,672 341 239 7 52,013 343 240 8 52,356 346 242 9 52,702 348 243 10 53,050 350 245 11 53,400 352 247 12 53,752 355 248 13 54,107 357 250 14 54,464 359 252 15 54,824 362 253 16 55,185 364 255 17 55,550 367 257 18 55,916 369 258 19 56,285 371 260 20 56,657 374 262 TOTAL $7,031 $4,921