Compare Analysis of Greenville Heritage with 0.15% 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 MONEY MARKET
    Greenville Heritage
    $50,000
    N.A.
    0.15%
    0.67x (National Avg. - 0.23%)
    $10,001
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.15%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 76 53
    2 50,076 76 53
    3 50,151 76 53
    4 50,227 76 53
    5 50,303 76 53
    6 50,379 76 53
    7 50,455 76 53
    8 50,531 76 53
    9 50,607 76 53
    10 50,684 77 54
    11 50,760 77 54
    12 50,837 77 54
    13 50,914 77 54
    14 50,990 77 54
    15 51,067 77 54
    16 51,145 77 54
    17 51,222 77 54
    18 51,299 77 54
    19 51,377 78 54
    20 51,454 78 54
    TOTAL $1,532 $1,072
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $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