Compare Analysis of Complex Community with 5.17% 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
    Complex Community
    $50,000
    12 Month
    5.17%
    9.43x (National Avg. - 0.55%)
    $0
    Credit Union
    -
     
    SCENARIO
    Year Rate
    5.17%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,585 1,810
    2 52,585 2,719 1,903
    3 55,304 2,859 2,001
    4 58,163 3,007 2,105
    5 61,170 3,162 2,214
    6 64,332 3,326 2,328
    7 67,658 3,498 2,449
    8 71,156 3,679 2,575
    9 74,835 3,869 2,708
    10 78,704 4,069 2,848
    11 82,773 4,279 2,996
    12 87,052 4,501 3,150
    13 91,553 4,733 3,313
    14 96,286 4,978 3,485
    15 101,264 5,235 3,665
    16 106,500 5,506 3,854
    17 112,006 5,791 4,053
    18 117,796 6,090 4,263
    19 123,886 6,405 4,483
    20 130,291 6,736 4,715
    TOTAL $87,027 $60,919
  • 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