Compare Analysis of Blue Mountain with 1.76% 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
    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.
    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