Compare Analysis of East Idaho with 3.33% 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."
- 1LOCAL CD$50,00023 Month3.33%N.A.$500Credit Union-SCENARIO
Year Rate
3.33%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,665 1,166 2 51,665 1,720 1,204 3 53,385 1,778 1,244 4 55,163 1,837 1,286 5 57,000 1,898 1,329 6 58,898 1,961 1,373 7 60,860 2,027 1,419 8 62,886 2,094 1,466 9 64,980 2,164 1,515 10 67,144 2,236 1,565 11 69,380 2,310 1,617 12 71,690 2,387 1,671 13 74,078 2,467 1,727 14 76,544 2,549 1,784 15 79,093 2,634 1,844 16 81,727 2,722 1,905 17 84,449 2,812 1,968 18 87,261 2,906 2,034 19 90,167 3,003 2,102 20 93,169 3,103 2,172 TOTAL $46,272 $32,390 - 2ONLINE SAVINGS$50,000N.A.3.75%16.67x (National Avg. - 0.23%)$1,000Bank-SCENARIO
Year Rate
3.75%Annual
InterestAnnual 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