$titleTerm = "Special " Compare Analysis of Florida with 5.60% APY and First Foundation Bank with 4.00% APY.


Compare Analysis of Florida with 5.60% 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
    Florida
    $50,000
    18 Month
    5.60%
    9.69x (National Avg. - 0.58%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    5.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,800 1,960
    2 52,800 2,957 2,070
    3 55,757 3,122 2,186
    4 58,879 3,297 2,308
    5 62,176 3,482 2,437
    6 65,658 3,677 2,574
    7 69,335 3,883 2,718
    8 73,218 4,100 2,870
    9 77,318 4,330 3,031
    10 81,648 4,572 3,201
    11 86,220 4,828 3,380
    12 91,049 5,099 3,569
    13 96,147 5,384 3,769
    14 101,532 5,686 3,980
    15 107,217 6,004 4,203
    16 113,221 6,340 4,438
    17 119,562 6,695 4,687
    18 126,257 7,070 4,949
    19 133,328 7,466 5,226
    20 140,794 7,884 5,519
    TOTAL $98,679 $69,075
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    7.13x (National Avg. - 0.56%)
    $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