Compare Analysis of Credit Union One Of Oklahoma with 2.78% 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."
- 1LOCAL CD$50,00018 Month2.78%4.82x (National Avg. - 0.58%)$100,000Credit Union-SCENARIO
Year Rate
2.78%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,392 974 2 51,392 1,431 1,002 3 52,823 1,471 1,029 4 54,293 1,512 1,058 5 55,805 1,554 1,088 6 57,358 1,597 1,118 7 58,955 1,641 1,149 8 60,597 1,687 1,181 9 62,284 1,734 1,214 10 64,018 1,782 1,248 11 65,800 1,832 1,282 12 67,632 1,883 1,318 13 69,515 1,935 1,355 14 71,450 1,989 1,392 15 73,439 2,045 1,431 16 75,484 2,101 1,471 17 77,585 2,160 1,512 18 79,745 2,220 1,554 19 81,965 2,282 1,597 20 84,247 2,345 1,642 TOTAL $36,593 $25,615 - 2ONLINE SAVINGS$50,000N.A.3.75%7.93x (National Avg. - 0.47%)$1,000Bank-SCENARIO
Year Rate
3.75%Annual
InterestAnnual 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