Compare Analysis of VeraBank, National Association with 2.21% 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
    VeraBank, National Association
    $50,000
    6 Month
    2.21%
    5.47x (National Avg. - 0.40%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.21%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,105 774
    2 51,105 1,129 791
    3 52,234 1,154 808
    4 53,389 1,180 826
    5 54,569 1,206 844
    6 55,775 1,233 863
    7 57,007 1,260 882
    8 58,267 1,288 901
    9 59,555 1,316 921
    10 60,871 1,345 942
    11 62,216 1,375 962
    12 63,591 1,405 984
    13 64,997 1,436 1,005
    14 66,433 1,468 1,028
    15 67,901 1,501 1,050
    16 69,402 1,534 1,074
    17 70,936 1,568 1,097
    18 72,503 1,602 1,122
    19 74,106 1,638 1,146
    20 75,743 1,674 1,172
    TOTAL $27,417 $19,192
  • 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