Compare Analysis of Climate First Bank with 2.91% 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 CD
    Climate First Bank
    $50,000
    12 Month
    2.91%
    5.32x (National Avg. - 0.55%)
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    2.91%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,455 1,019
    2 51,455 1,497 1,048
    3 52,952 1,541 1,079
    4 54,493 1,586 1,110
    5 56,079 1,632 1,142
    6 57,711 1,679 1,176
    7 59,390 1,728 1,210
    8 61,119 1,779 1,245
    9 62,897 1,830 1,281
    10 64,727 1,884 1,318
    11 66,611 1,938 1,357
    12 68,549 1,995 1,396
    13 70,544 2,053 1,437
    14 72,597 2,113 1,479
    15 74,710 2,174 1,522
    16 76,884 2,237 1,566
    17 79,121 2,302 1,612
    18 81,423 2,369 1,659
    19 83,793 2,438 1,707
    20 86,231 2,509 1,757
    TOTAL $38,740 $27,118
  • 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