Compare Analysis of First National Bank of Scotia with 1.69% 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
    First National Bank of Scotia
    $50,000
    48 Month
    1.69%
    2.06x (National Avg. - 0.82%)
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    1.69%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 845 592
    2 50,845 859 601
    3 51,704 874 612
    4 52,578 889 622
    5 53,467 904 633
    6 54,370 919 643
    7 55,289 934 654
    8 56,223 950 665
    9 57,174 966 676
    10 58,140 983 688
    11 59,122 999 699
    12 60,122 1,016 711
    13 61,138 1,033 723
    14 62,171 1,051 735
    15 63,222 1,068 748
    16 64,290 1,087 761
    17 65,377 1,105 773
    18 66,481 1,124 786
    19 67,605 1,143 800
    20 68,747 1,162 813
    TOTAL $19,909 $13,937
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.67x (National Avg. - 0.23%)
    $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