Compare Analysis of EagleBank with 2.13% 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
    EagleBank
    $50,000
    N.A.
    2.13%
    4.50x (National Avg. - 0.47%)
    $250,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.13%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,065 746
    2 51,065 1,088 761
    3 52,153 1,111 778
    4 53,264 1,135 794
    5 54,398 1,159 811
    6 55,557 1,183 828
    7 56,740 1,209 846
    8 57,949 1,234 864
    9 59,183 1,261 882
    10 60,444 1,287 901
    11 61,731 1,315 920
    12 63,046 1,343 940
    13 64,389 1,371 960
    14 65,760 1,401 980
    15 67,161 1,431 1,001
    16 68,591 1,461 1,023
    17 70,052 1,492 1,044
    18 71,545 1,524 1,067
    19 73,068 1,556 1,089
    20 74,625 1,590 1,113
    TOTAL $26,214 $18,350
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    7.93x (National Avg. - 0.47%)
    $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