Compare Analysis of Freedom Bank with 1.21% 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
    Freedom Bank
    $50,000
    36 Month
    1.21%
    1.60x (National Avg. - 0.75%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.21%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 603 422
    2 50,603 610 427
    3 51,213 618 432
    4 51,831 625 438
    5 52,456 633 443
    6 53,089 640 448
    7 53,729 648 454
    8 54,377 656 459
    9 55,033 664 465
    10 55,696 672 470
    11 56,368 680 476
    12 57,048 688 482
    13 57,736 696 487
    14 58,432 705 493
    15 59,137 713 499
    16 59,850 722 505
    17 60,572 730 511
    18 61,302 739 518
    19 62,042 748 524
    20 62,790 757 530
    TOTAL $13,547 $9,483
  • 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