Compare Analysis of Fairwinds with 1.84% 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
    Fairwinds
    $50,000
    12 Month
    1.84%
    3.36x (National Avg. - 0.55%)
    $1,000
    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.
    4.00%
    7.13x (National Avg. - 0.56%)
    $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