Compare Analysis of Advancial with 2.96% 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
    Advancial
    $50,000
    12 Month
    2.96%
    5.41x (National Avg. - 0.55%)
    $50,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.96%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,480 1,036
    2 51,480 1,524 1,067
    3 53,004 1,569 1,098
    4 54,573 1,615 1,131
    5 56,188 1,663 1,164
    6 57,851 1,712 1,199
    7 59,564 1,763 1,234
    8 61,327 1,815 1,271
    9 63,142 1,869 1,308
    10 65,011 1,924 1,347
    11 66,935 1,981 1,387
    12 68,917 2,040 1,428
    13 70,957 2,100 1,470
    14 73,057 2,162 1,514
    15 75,219 2,226 1,559
    16 77,446 2,292 1,605
    17 79,738 2,360 1,652
    18 82,098 2,430 1,701
    19 84,529 2,502 1,751
    20 87,031 2,576 1,803
    TOTAL $39,607 $27,725
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    7.93x (National Avg. - 0.47%)
    $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