Compare Analysis of Advancial with 2.57% 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
    6 Month
    2.57%
    6.36x (National Avg. - 0.40%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.57%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,285 900
    2 51,285 1,318 923
    3 52,603 1,352 946
    4 53,955 1,387 971
    5 55,342 1,422 996
    6 56,764 1,459 1,021
    7 58,223 1,496 1,047
    8 59,719 1,535 1,074
    9 61,254 1,574 1,102
    10 62,828 1,615 1,130
    11 64,443 1,656 1,159
    12 66,099 1,699 1,189
    13 67,798 1,742 1,220
    14 69,540 1,787 1,251
    15 71,327 1,833 1,283
    16 73,160 1,880 1,316
    17 75,040 1,929 1,350
    18 76,969 1,978 1,385
    19 78,947 2,029 1,420
    20 80,976 2,081 1,457
    TOTAL $33,057 $23,140
  • 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