Compare Analysis of American Heritage with 2.31% 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 MONEY MARKET
    American Heritage
    $50,000
    N.A.
    2.31%
    4.12x (National Avg. - 0.56%)
    $2,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.31%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,155 809
    2 51,155 1,182 827
    3 52,337 1,209 846
    4 53,546 1,237 866
    5 54,783 1,265 886
    6 56,048 1,295 906
    7 57,343 1,325 927
    8 58,667 1,355 949
    9 60,023 1,387 971
    10 61,409 1,419 993
    11 62,828 1,451 1,016
    12 64,279 1,485 1,039
    13 65,764 1,519 1,063
    14 67,283 1,554 1,088
    15 68,837 1,590 1,113
    16 70,427 1,627 1,139
    17 72,054 1,664 1,165
    18 73,719 1,703 1,192
    19 75,422 1,742 1,220
    20 77,164 1,782 1,248
    TOTAL $28,946 $20,262
  • 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