Compare Analysis of Financial Builders with 2.19% 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
    Financial Builders
    $50,000
    36 Month
    2.19%
    2.91x (National Avg. - 0.75%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.19%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,095 767
    2 51,095 1,119 783
    3 52,214 1,143 800
    4 53,357 1,169 818
    5 54,526 1,194 836
    6 55,720 1,220 854
    7 56,940 1,247 873
    8 58,187 1,274 892
    9 59,462 1,302 912
    10 60,764 1,331 932
    11 62,095 1,360 952
    12 63,454 1,390 973
    13 64,844 1,420 994
    14 66,264 1,451 1,016
    15 67,715 1,483 1,038
    16 69,198 1,515 1,061
    17 70,714 1,549 1,084
    18 72,262 1,583 1,108
    19 73,845 1,617 1,132
    20 75,462 1,653 1,157
    TOTAL $27,115 $18,980
  • 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