$titleTerm = "Special " Compare Analysis of SULLIVAN BANK with 5.51% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of SULLIVAN BANK with 5.51% 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
    SULLIVAN BANK
    $50,000
    7 Month
    5.51%
    N.A.
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.51%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,755 1,929
    2 52,755 2,907 2,035
    3 55,662 3,067 2,147
    4 58,729 3,236 2,265
    5 61,965 3,414 2,390
    6 65,379 3,602 2,522
    7 68,981 3,801 2,661
    8 72,782 4,010 2,807
    9 76,793 4,231 2,962
    10 81,024 4,464 3,125
    11 85,488 4,710 3,297
    12 90,199 4,970 3,479
    13 95,169 5,244 3,671
    14 100,412 5,533 3,873
    15 105,945 5,838 4,086
    16 111,783 6,159 4,311
    17 117,942 6,499 4,549
    18 124,440 6,857 4,800
    19 131,297 7,234 5,064
    20 138,532 7,633 5,343
    TOTAL $96,165 $67,315
  • 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