Compare Analysis of GSL Savings Bank with 2.98% 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
    GSL Savings Bank
    $50,000
    15 Month
    2.98%
    N.A.
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    2.98%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,490 1,043
    2 51,490 1,534 1,074
    3 53,024 1,580 1,106
    4 54,605 1,627 1,139
    5 56,232 1,676 1,173
    6 57,907 1,726 1,208
    7 59,633 1,777 1,244
    8 61,410 1,830 1,281
    9 63,240 1,885 1,319
    10 65,125 1,941 1,359
    11 67,065 1,999 1,399
    12 69,064 2,058 1,441
    13 71,122 2,119 1,484
    14 73,242 2,183 1,528
    15 75,424 2,248 1,573
    16 77,672 2,315 1,620
    17 79,986 2,384 1,669
    18 82,370 2,455 1,718
    19 84,825 2,528 1,769
    20 87,352 2,603 1,822
    TOTAL $39,956 $27,969
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    7.93x (National Avg. - 0.47%)
    $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