Compare Analysis of Greenville Heritage with 0.25% 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
    Greenville Heritage
    $50,000
    12 Month
    0.25%
    0.46x (National Avg. - 0.55%)
    $50,001
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 126 88
    2 50,126 126 88
    3 50,251 126 88
    4 50,377 126 89
    5 50,504 127 89
    6 50,631 127 89
    7 50,758 127 89
    8 50,885 128 89
    9 51,013 128 90
    10 51,141 128 90
    11 51,269 129 90
    12 51,398 129 90
    13 51,527 129 91
    14 51,656 130 91
    15 51,786 130 91
    16 51,916 130 91
    17 52,046 131 91
    18 52,177 131 92
    19 52,308 131 92
    20 52,439 132 92
    TOTAL $2,571 $1,800
  • 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