Compare Analysis of Credit Union One Of Oklahoma with 2.27% 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$50,00024 Month2.27%3.45x (National Avg. - 0.66%)$500Credit Union-SCENARIO
Year Rate
2.27%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,137 796 2 51,137 1,162 814 3 52,299 1,189 832 4 53,488 1,216 851 5 54,703 1,243 870 6 55,947 1,272 890 7 57,218 1,301 910 8 58,519 1,330 931 9 59,849 1,360 952 10 61,210 1,391 974 11 62,601 1,423 996 12 64,024 1,455 1,019 13 65,479 1,488 1,042 14 66,967 1,522 1,066 15 68,489 1,557 1,090 16 70,046 1,592 1,115 17 71,638 1,628 1,140 18 73,267 1,665 1,166 19 74,932 1,703 1,192 20 76,635 1,742 1,219 TOTAL $28,377 $19,864 - 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