Compare Analysis of High Plains Bank with 0.09% 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 CD
    High Plains Bank
    $50,000
    48 Month
    0.09%
    0.10x (National Avg. - 0.82%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.09%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 43 30
    2 50,043 43 30
    3 50,085 43 30
    4 50,128 43 30
    5 50,170 43 30
    6 50,213 43 30
    7 50,256 43 30
    8 50,298 43 30
    9 50,341 43 30
    10 50,384 43 30
    11 50,427 43 30
    12 50,469 43 30
    13 50,512 43 30
    14 50,555 43 30
    15 50,598 43 30
    16 50,641 43 30
    17 50,684 43 30
    18 50,727 43 30
    19 50,771 43 30
    20 50,814 43 30
    TOTAL $857 $600
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $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