Compare Analysis of Ballston Spa National Bank with 3.57% 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
    Ballston Spa National Bank
    $50,000
    9 Month
    3.57%
    N.A.
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    3.57%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,785 1,250
    2 51,785 1,849 1,294
    3 53,634 1,915 1,340
    4 55,548 1,983 1,388
    5 57,532 2,054 1,438
    6 59,585 2,127 1,489
    7 61,713 2,203 1,542
    8 63,916 2,282 1,597
    9 66,198 2,363 1,654
    10 68,561 2,448 1,713
    11 71,008 2,535 1,775
    12 73,543 2,625 1,838
    13 76,169 2,719 1,903
    14 78,888 2,816 1,971
    15 81,704 2,917 2,042
    16 84,621 3,021 2,115
    17 87,642 3,129 2,190
    18 90,771 3,241 2,268
    19 94,012 3,356 2,349
    20 97,368 3,476 2,433
    TOTAL $50,844 $35,591
  • 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