Compare Analysis of EvaBank with 5.09% 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
    3 Month
    5.09%
    2.25x (National Avg. - 2.26%)
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    5.09%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,545 1,782
    2 52,545 2,675 1,872
    3 55,220 2,811 1,967
    4 58,030 2,954 2,068
    5 60,984 3,104 2,173
    6 64,088 3,262 2,283
    7 67,350 3,428 2,400
    8 70,778 3,603 2,522
    9 74,381 3,786 2,650
    10 78,167 3,979 2,785
    11 82,146 4,181 2,927
    12 86,327 4,394 3,076
    13 90,721 4,618 3,232
    14 95,338 4,853 3,397
    15 100,191 5,100 3,570
    16 105,291 5,359 3,752
    17 110,650 5,632 3,942
    18 116,282 5,919 4,143
    19 122,201 6,220 4,354
    20 128,421 6,537 4,576
    TOTAL $84,958 $59,470
  • 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