Compare Analysis of Fairwinds with 1.84% 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
    Fairwinds
    $50,000
    12 Month
    1.84%
    3.36x (National Avg. - 0.55%)
    $100
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.84%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 920 644
    2 50,920 937 656
    3 51,857 954 668
    4 52,811 972 680
    5 53,783 990 693
    6 54,772 1,008 705
    7 55,780 1,026 718
    8 56,807 1,045 732
    9 57,852 1,064 745
    10 58,916 1,084 759
    11 60,000 1,104 773
    12 61,104 1,124 787
    13 62,229 1,145 802
    14 63,374 1,166 816
    15 64,540 1,188 831
    16 65,727 1,209 847
    17 66,937 1,232 862
    18 68,168 1,254 878
    19 69,423 1,277 894
    20 70,700 1,301 911
    TOTAL $22,001 $15,401
  • 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