Compare Analysis of Chevron with 7.00% 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 SAVINGS
    Chevron
    $50,000
    N.A.
    7.00%
    14.80x (National Avg. - 0.47%)
    $25
    Credit Union
    -
     
    SCENARIO
    Year Rate
    7.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 3,500 2,450
    2 53,500 3,745 2,622
    3 57,245 4,007 2,805
    4 61,252 4,288 3,001
    5 65,540 4,588 3,211
    6 70,128 4,909 3,436
    7 75,037 5,253 3,677
    8 80,289 5,620 3,934
    9 85,909 6,014 4,210
    10 91,923 6,435 4,504
    11 98,358 6,885 4,820
    12 105,243 7,367 5,157
    13 112,610 7,883 5,518
    14 120,492 8,434 5,904
    15 128,927 9,025 6,317
    16 137,952 9,657 6,760
    17 147,608 10,333 7,233
    18 157,941 11,056 7,739
    19 168,997 11,830 8,281
    20 180,826 12,658 8,860
    TOTAL $143,484 $100,439
  • 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