Compare Analysis of Virtualbank, a division of First Horizon Bank with 2.94% 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
    ONLINE CD
    Virtualbank, a division of First Horizon Bank
    $50,000
    3 Month
    2.94%
    1.33x (National Avg. - 2.21%)
    $10,000
    Online Bank
    -
     
    SCENARIO
    Year Rate
    2.94%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,470 1,029
    2 51,470 1,513 1,059
    3 52,983 1,558 1,090
    4 54,541 1,604 1,122
    5 56,144 1,651 1,155
    6 57,795 1,699 1,189
    7 59,494 1,749 1,224
    8 61,243 1,801 1,260
    9 63,044 1,853 1,297
    10 64,897 1,908 1,336
    11 66,805 1,964 1,375
    12 68,769 2,022 1,415
    13 70,791 2,081 1,457
    14 72,873 2,142 1,500
    15 75,015 2,205 1,544
    16 77,220 2,270 1,589
    17 79,491 2,337 1,636
    18 81,828 2,406 1,684
    19 84,234 2,476 1,734
    20 86,710 2,549 1,784
    TOTAL $39,259 $27,481