Compare Analysis of Advancial with 5.29% APY and First Foundation Bank with 4.00% 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
    60 Month
    5.29%
    5.74x (National Avg. - 0.92%)
    $25,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    5.29%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,645 1,852
    2 52,645 2,785 1,949
    3 55,430 2,932 2,053
    4 58,362 3,087 2,161
    5 61,450 3,251 2,275
    6 64,700 3,423 2,396
    7 68,123 3,604 2,523
    8 71,727 3,794 2,656
    9 75,521 3,995 2,797
    10 79,516 4,206 2,944
    11 83,722 4,429 3,100
    12 88,151 4,663 3,264
    13 92,814 4,910 3,437
    14 97,724 5,170 3,619
    15 102,894 5,443 3,810
    16 108,337 5,731 4,012
    17 114,068 6,034 4,224
    18 120,102 6,353 4,447
    19 126,456 6,690 4,683
    20 133,145 7,043 4,930
    TOTAL $90,189 $63,132
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    7.13x (National Avg. - 0.56%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689