Compare Analysis of Fall River Five Cents Savings Bank with 2.72% 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 MONEY MARKET
    Fall River Five Cents Savings Bank
    $50,000
    N.A.
    2.72%
    4.85x (National Avg. - 0.56%)
    $25,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.72%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,360 952
    2 51,360 1,397 978
    3 52,757 1,435 1,004
    4 54,192 1,474 1,032
    5 55,666 1,514 1,060
    6 57,180 1,555 1,089
    7 58,735 1,598 1,118
    8 60,333 1,641 1,149
    9 61,974 1,686 1,180
    10 63,660 1,732 1,212
    11 65,391 1,779 1,245
    12 67,170 1,827 1,279
    13 68,997 1,877 1,314
    14 70,874 1,928 1,349
    15 72,801 1,980 1,386
    16 74,782 2,034 1,424
    17 76,816 2,089 1,463
    18 78,905 2,146 1,502
    19 81,051 2,205 1,543
    20 83,256 2,265 1,585
    TOTAL $35,520 $24,864
  • 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