Compare Analysis of Blue Mountain with 1.76% APY and First Foundation Bank with 4.00% 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
    Blue Mountain
    $50,000
    36 Month
    1.76%
    2.34x (National Avg. - 0.75%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.76%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 881 617
    2 50,881 897 628
    3 51,778 912 639
    4 52,690 928 650
    5 53,618 945 661
    6 54,563 961 673
    7 55,524 978 685
    8 56,503 996 697
    9 57,498 1,013 709
    10 58,511 1,031 722
    11 59,542 1,049 734
    12 60,592 1,068 747
    13 61,659 1,086 761
    14 62,746 1,106 774
    15 63,851 1,125 788
    16 64,976 1,145 801
    17 66,121 1,165 816
    18 67,286 1,186 830
    19 68,472 1,206 845
    20 69,678 1,228 859
    TOTAL $20,906 $14,634
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689