Compare Analysis of Credit Union One Of Oklahoma with 6.17% 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."
- 1LOCAL CD$50,0006 Month6.17%15.23x (National Avg. - 0.41%)$2,500Credit Union-SCENARIO
Year Rate
6.17%Annual
InterestAnnual Interest
(After Tax)1 50,000 3,084 2,158 2 53,084 3,274 2,292 3 56,357 3,476 2,433 4 59,833 3,690 2,583 5 63,523 3,917 2,742 6 67,440 4,159 2,911 7 71,599 4,416 3,091 8 76,015 4,688 3,281 9 80,702 4,977 3,484 10 85,679 5,284 3,699 11 90,963 5,610 3,927 12 96,573 5,956 4,169 13 102,528 6,323 4,426 14 108,851 6,713 4,699 15 115,564 7,127 4,989 16 122,691 7,566 5,296 17 130,257 8,033 5,623 18 138,290 8,528 5,970 19 146,819 9,054 6,338 20 155,873 9,613 6,729 TOTAL $115,486 $80,840 - 2ONLINE SAVINGS$50,000N.A.4.00%7.13x (National Avg. - 0.56%)$1,000Bank-SCENARIO
Year Rate
4.00%Annual
InterestAnnual 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