Compare Analysis of Digital with 3.13% 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."

  • 1
    LOCAL MONEY MARKET
    Digital
    $50,000
    N.A.
    3.13%
    13.91x (National Avg. - 0.23%)
    $25,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.13%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,565 1,096
    2 51,565 1,614 1,130
    3 53,179 1,665 1,165
    4 54,843 1,717 1,202
    5 56,560 1,770 1,239
    6 58,330 1,826 1,278
    7 60,156 1,883 1,318
    8 62,039 1,942 1,359
    9 63,981 2,003 1,402
    10 65,983 2,065 1,446
    11 68,049 2,130 1,491
    12 70,179 2,197 1,538
    13 72,375 2,265 1,586
    14 74,641 2,336 1,635
    15 76,977 2,409 1,687
    16 79,386 2,485 1,739
    17 81,871 2,563 1,794
    18 84,434 2,643 1,850
    19 87,076 2,725 1,908
    20 89,802 2,811 1,968
    TOTAL $42,613 $29,829
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.67x (National Avg. - 0.23%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    3.75%    		 Annual
    Interest    		 Annual 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