Compare Analysis of Fowler State Bank with 0.70% 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
    Fowler State Bank
    $50,000
    48 Month
    0.70%
    0.86x (National Avg. - 0.82%)
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    0.70%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 352 246
    2 50,352 354 248
    3 50,705 356 250
    4 51,062 359 251
    5 51,421 361 253
    6 51,782 364 255
    7 52,146 367 257
    8 52,513 369 258
    9 52,882 372 260
    10 53,254 374 262
    11 53,628 377 264
    12 54,005 380 266
    13 54,385 382 268
    14 54,767 385 270
    15 55,152 388 271
    16 55,540 390 273
    17 55,930 393 275
    18 56,324 396 277
    19 56,720 399 279
    20 57,118 402 281
    TOTAL $7,520 $5,264
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.74x (National Avg. - 0.22%)
    $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