Compare Analysis of Dakota Plains with 4.57% 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
    Dakota Plains
    $50,000
    3 Month
    4.57%
    2.03x (National Avg. - 2.25%)
    $250
    Credit Union
    -
     
    SCENARIO
    Year Rate
    4.57%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,285 1,600
    2 52,285 2,389 1,673
    3 54,674 2,499 1,749
    4 57,173 2,613 1,829
    5 59,786 2,732 1,913
    6 62,518 2,857 2,000
    7 65,375 2,988 2,091
    8 68,363 3,124 2,187
    9 71,487 3,267 2,287
    10 74,754 3,416 2,391
    11 78,170 3,572 2,501
    12 81,743 3,736 2,615
    13 85,478 3,906 2,734
    14 89,385 4,085 2,859
    15 93,469 4,272 2,990
    16 97,741 4,467 3,127
    17 102,208 4,671 3,270
    18 106,879 4,884 3,419
    19 111,763 5,108 3,575
    20 116,871 5,341 3,739
    TOTAL $72,212 $50,548
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $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