Compare Analysis of Bank of America, National Association with 0.11% 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 of America, National Association
    $50,000
    37 Month
    0.11%
    N.A.
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.11%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 55 39
    2 50,055 55 39
    3 50,110 55 39
    4 50,165 55 39
    5 50,220 55 39
    6 50,276 55 39
    7 50,331 55 39
    8 50,386 55 39
    9 50,442 55 39
    10 50,497 56 39
    11 50,553 56 39
    12 50,608 56 39
    13 50,664 56 39
    14 50,720 56 39
    15 50,776 56 39
    16 50,831 56 39
    17 50,887 56 39
    18 50,943 56 39
    19 50,999 56 39
    20 51,055 56 39
    TOTAL $1,112 $778
  • 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