Compare Analysis of Climate First Bank with 3.96% 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
    ONLINE MONEY MARKET
    Climate First Bank
    $50,000
    N.A.
    3.96%
    8.37x (National Avg. - 0.47%)
    $50,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.96%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,980 1,386
    2 51,980 2,058 1,441
    3 54,038 2,140 1,498
    4 56,178 2,225 1,557
    5 58,403 2,313 1,619
    6 60,716 2,404 1,683
    7 63,120 2,500 1,750
    8 65,620 2,599 1,819
    9 68,218 2,701 1,891
    10 70,920 2,808 1,966
    11 73,728 2,920 2,044
    12 76,648 3,035 2,125
    13 79,683 3,155 2,209
    14 82,838 3,280 2,296
    15 86,119 3,410 2,387
    16 89,529 3,545 2,482
    17 93,074 3,686 2,580
    18 96,760 3,832 2,682
    19 100,592 3,983 2,788
    20 104,575 4,141 2,899
    TOTAL $58,716 $41,102
  • 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