Compare Analysis of Greenville Heritage with 0.10% 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 MONEY MARKET
    Greenville Heritage
    $50,000
    N.A.
    0.10%
    0.45x (National Avg. - 0.22%)
    $250
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.10%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 51 35
    2 50,051 51 35
    3 50,101 51 35
    4 50,152 51 35
    5 50,202 51 35
    6 50,253 51 36
    7 50,304 51 36
    8 50,355 51 36
    9 50,405 51 36
    10 50,456 51 36
    11 50,507 51 36
    12 50,558 51 36
    13 50,609 51 36
    14 50,660 51 36
    15 50,712 51 36
    16 50,763 51 36
    17 50,814 51 36
    18 50,865 51 36
    19 50,917 51 36
    20 50,968 51 36
    TOTAL $1,020 $714
  • 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