Compare Analysis of Fairwinds with 1.79% 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
    24 Month
    1.79%
    2.72x (National Avg. - 0.66%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.79%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 895 627
    2 50,895 911 638
    3 51,806 927 649
    4 52,733 944 661
    5 53,677 961 673
    6 54,638 978 685
    7 55,616 996 697
    8 56,612 1,013 709
    9 57,625 1,031 722
    10 58,656 1,050 735
    11 59,706 1,069 748
    12 60,775 1,088 762
    13 61,863 1,107 775
    14 62,970 1,127 789
    15 64,098 1,147 803
    16 65,245 1,168 818
    17 66,413 1,189 832
    18 67,602 1,210 847
    19 68,812 1,232 862
    20 70,043 1,254 878
    TOTAL $21,297 $14,908
  • 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