Compare Analysis of Financial Builders with 2.24% 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
    48 Month
    2.24%
    2.74x (National Avg. - 0.82%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.24%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,120 784
    2 51,120 1,145 802
    3 52,265 1,171 820
    4 53,436 1,197 838
    5 54,633 1,224 857
    6 55,857 1,251 876
    7 57,108 1,279 895
    8 58,387 1,308 916
    9 59,695 1,337 936
    10 61,032 1,367 957
    11 62,399 1,398 978
    12 63,797 1,429 1,000
    13 65,226 1,461 1,023
    14 66,687 1,494 1,046
    15 68,181 1,527 1,069
    16 69,708 1,561 1,093
    17 71,269 1,596 1,118
    18 72,866 1,632 1,143
    19 74,498 1,669 1,168
    20 76,167 1,706 1,194
    TOTAL $27,873 $19,511
  • 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