$titleTerm = "Special " Compare Analysis of Bank Independent with 3.43% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of Bank Independent with 3.43% 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
    Bank Independent
    $50,000
    5 Month
    3.43%
    N.A.
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.43%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,715 1,201
    2 51,715 1,774 1,242
    3 53,489 1,835 1,284
    4 55,323 1,898 1,328
    5 57,221 1,963 1,374
    6 59,184 2,030 1,421
    7 61,214 2,100 1,470
    8 63,313 2,172 1,520
    9 65,485 2,246 1,572
    10 67,731 2,323 1,626
    11 70,054 2,403 1,682
    12 72,457 2,485 1,740
    13 74,943 2,571 1,799
    14 77,513 2,659 1,861
    15 80,172 2,750 1,925
    16 82,922 2,844 1,991
    17 85,766 2,942 2,059
    18 88,708 3,043 2,130
    19 91,750 3,147 2,203
    20 94,897 3,255 2,278
    TOTAL $48,152 $33,707
  • 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