$titleTerm = "Special " Compare Analysis of Asian Bank with 1.68% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of Asian Bank with 1.68% 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
    Asian Bank
    $50,000
    15 Month
    1.68%
    N.A.
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.68%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 840 588
    2 50,840 854 598
    3 51,694 868 608
    4 52,563 883 618
    5 53,446 898 629
    6 54,344 913 639
    7 55,256 928 650
    8 56,185 944 661
    9 57,129 960 672
    10 58,088 976 683
    11 59,064 992 695
    12 60,057 1,009 706
    13 61,066 1,026 718
    14 62,091 1,043 730
    15 63,135 1,061 742
    16 64,195 1,078 755
    17 65,274 1,097 768
    18 66,370 1,115 781
    19 67,485 1,134 794
    20 68,619 1,153 807
    TOTAL $19,772 $13,840
  • 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