Compare Analysis of VeraBank, National Association with 2.47% 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
    VeraBank, National Association
    $50,000
    6 Month
    2.47%
    6.11x (National Avg. - 0.40%)
    $250,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.47%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,235 865
    2 51,235 1,266 886
    3 52,501 1,297 908
    4 53,797 1,329 930
    5 55,126 1,362 953
    6 56,488 1,395 977
    7 57,883 1,430 1,001
    8 59,313 1,465 1,026
    9 60,778 1,501 1,051
    10 62,279 1,538 1,077
    11 63,817 1,576 1,103
    12 65,393 1,615 1,131
    13 67,009 1,655 1,159
    14 68,664 1,696 1,187
    15 70,360 1,738 1,217
    16 72,098 1,781 1,247
    17 73,878 1,825 1,277
    18 75,703 1,870 1,309
    19 77,573 1,916 1,341
    20 79,489 1,963 1,374
    TOTAL $31,453 $22,017
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.67x (National Avg. - 0.23%)
    $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