Compare Analysis of EvaBank with 5.13% 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 CD
    EvaBank
    $50,000
    18 Month
    5.13%
    8.88x (National Avg. - 0.58%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.13%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,565 1,796
    2 52,565 2,697 1,888
    3 55,262 2,835 1,984
    4 58,097 2,980 2,086
    5 61,077 3,133 2,193
    6 64,210 3,294 2,306
    7 67,504 3,463 2,424
    8 70,967 3,641 2,548
    9 74,608 3,827 2,679
    10 78,435 4,024 2,817
    11 82,459 4,230 2,961
    12 86,689 4,447 3,113
    13 91,136 4,675 3,273
    14 95,811 4,915 3,441
    15 100,726 5,167 3,617
    16 105,894 5,432 3,803
    17 111,326 5,711 3,998
    18 117,037 6,004 4,203
    19 123,041 6,312 4,418
    20 129,353 6,636 4,645
    TOTAL $85,989 $60,192
  • 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