Compare Analysis of Colonial Federal Savings Bank with 5.32% APY and First Foundation Bank with 4.00% 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
    Colonial Federal Savings Bank
    $50,000
    6 Month
    5.32%
    13.14x (National Avg. - 0.41%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.32%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,660 1,862
    2 52,660 2,802 1,961
    3 55,462 2,951 2,065
    4 58,412 3,108 2,175
    5 61,520 3,273 2,291
    6 64,792 3,447 2,413
    7 68,239 3,630 2,541
    8 71,870 3,823 2,676
    9 75,693 4,027 2,819
    10 79,720 4,241 2,969
    11 83,961 4,467 3,127
    12 88,428 4,704 3,293
    13 93,132 4,955 3,468
    14 98,087 5,218 3,653
    15 103,305 5,496 3,847
    16 108,801 5,788 4,052
    17 114,589 6,096 4,267
    18 120,685 6,420 4,494
    19 127,106 6,762 4,733
    20 133,868 7,122 4,985
    TOTAL $90,990 $63,693
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    7.13x (National Avg. - 0.56%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689