Compare Analysis of Genisys with 3.48% 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
    Genisys
    $50,000
    6 Month
    3.48%
    8.64x (National Avg. - 0.40%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.48%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,740 1,218
    2 51,740 1,801 1,260
    3 53,541 1,863 1,304
    4 55,404 1,928 1,350
    5 57,332 1,995 1,397
    6 59,327 2,065 1,445
    7 61,392 2,136 1,495
    8 63,528 2,211 1,548
    9 65,739 2,288 1,601
    10 68,026 2,367 1,657
    11 70,394 2,450 1,715
    12 72,843 2,535 1,774
    13 75,378 2,623 1,836
    14 78,002 2,714 1,900
    15 80,716 2,809 1,966
    16 83,525 2,907 2,035
    17 86,432 3,008 2,105
    18 89,439 3,112 2,179
    19 92,552 3,221 2,255
    20 95,773 3,333 2,333
    TOTAL $49,106 $34,374
  • 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