$titleTerm = "Special " Compare Analysis of Adirondack Bank with 2.73% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of Adirondack Bank with 2.73% APY and First Foundation Bank with 3.75% 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 CD
    Adirondack Bank
    $50,000
    6 Month
    2.73%
    6.76x (National Avg. - 0.40%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.73%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,365 956
    2 51,365 1,402 982
    3 52,767 1,441 1,008
    4 54,208 1,480 1,036
    5 55,688 1,520 1,064
    6 57,208 1,562 1,093
    7 58,770 1,604 1,123
    8 60,374 1,648 1,154
    9 62,022 1,693 1,185
    10 63,716 1,739 1,218
    11 65,455 1,787 1,251
    12 67,242 1,836 1,285
    13 69,078 1,886 1,320
    14 70,963 1,937 1,356
    15 72,901 1,990 1,393
    16 74,891 2,045 1,431
    17 76,935 2,100 1,470
    18 79,036 2,158 1,510
    19 81,193 2,217 1,552
    20 83,410 2,277 1,594
    TOTAL $35,687 $24,981
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.67x (National Avg. - 0.23%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    3.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,875 1,313
    2 51,875 1,945 1,362
    3 53,820 2,018 1,413
    4 55,839 2,094 1,466
    5 57,933 2,172 1,521
    6 60,105 2,254 1,578
    7 62,359 2,338 1,637
    8 64,697 2,426 1,698
    9 67,124 2,517 1,762
    10 69,641 2,612 1,828
    11 72,252 2,709 1,897
    12 74,962 2,811 1,968
    13 77,773 2,916 2,042
    14 80,689 3,026 2,118
    15 83,715 3,139 2,198
    16 86,854 3,257 2,280
    17 90,111 3,379 2,365
    18 93,491 3,506 2,454
    19 96,996 3,637 2,546
    20 100,634 3,774 2,642
    TOTAL $54,408 $38,085