Compare Analysis of Dean Co-operative Bank with 4.83% 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
    Dean Co-operative Bank
    $50,000
    9 Month
    4.83%
    N.A.
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.83%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,415 1,691
    2 52,415 2,532 1,772
    3 54,947 2,654 1,858
    4 57,601 2,782 1,947
    5 60,383 2,916 2,042
    6 63,299 3,057 2,140
    7 66,357 3,205 2,244
    8 69,562 3,360 2,352
    9 72,921 3,522 2,465
    10 76,443 3,692 2,585
    11 80,136 3,871 2,709
    12 84,006 4,058 2,840
    13 88,064 4,253 2,977
    14 92,317 4,459 3,121
    15 96,776 4,674 3,272
    16 101,450 4,900 3,430
    17 106,350 5,137 3,596
    18 111,487 5,385 3,769
    19 116,872 5,645 3,951
    20 122,517 5,918 4,142
    TOTAL $78,435 $54,904
  • 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