Compare Analysis of Electric Cooperatives with 0.20% 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
    Electric Cooperatives
    $50,000
    12 Month
    0.20%
    0.37x (National Avg. - 0.55%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.20%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 101 70
    2 50,101 101 70
    3 50,201 101 71
    4 50,302 101 71
    5 50,403 101 71
    6 50,505 102 71
    7 50,606 102 71
    8 50,708 102 71
    9 50,810 102 71
    10 50,912 102 72
    11 51,014 103 72
    12 51,117 103 72
    13 51,219 103 72
    14 51,322 103 72
    15 51,426 103 72
    16 51,529 104 73
    17 51,632 104 73
    18 51,736 104 73
    19 51,840 104 73
    20 51,944 104 73
    TOTAL $2,049 $1,434
  • 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