Compare Analysis of Financial Builders with 2.29% 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
    60 Month
    2.29%
    2.48x (National Avg. - 0.92%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.29%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,145 802
    2 51,145 1,171 820
    3 52,316 1,198 839
    4 53,514 1,225 858
    5 54,740 1,254 877
    6 55,993 1,282 898
    7 57,276 1,312 918
    8 58,587 1,342 939
    9 59,929 1,372 961
    10 61,301 1,404 983
    11 62,705 1,436 1,005
    12 64,141 1,469 1,028
    13 65,610 1,502 1,052
    14 67,112 1,537 1,076
    15 68,649 1,572 1,100
    16 70,221 1,608 1,126
    17 71,829 1,645 1,151
    18 73,474 1,683 1,178
    19 75,157 1,721 1,205
    20 76,878 1,760 1,232
    TOTAL $28,638 $20,047
  • 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