Compare Analysis of Gulf Winds with 4.95% 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
    Gulf Winds
    $50,000
    19 Month
    4.95%
    N.A.
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    4.95%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,475 1,733
    2 52,475 2,598 1,818
    3 55,073 2,726 1,908
    4 57,799 2,861 2,003
    5 60,660 3,003 2,102
    6 63,662 3,151 2,206
    7 66,814 3,307 2,315
    8 70,121 3,471 2,430
    9 73,592 3,643 2,550
    10 77,235 3,823 2,676
    11 81,058 4,012 2,809
    12 85,070 4,211 2,948
    13 89,281 4,419 3,094
    14 93,700 4,638 3,247
    15 98,339 4,868 3,407
    16 103,206 5,109 3,576
    17 108,315 5,362 3,753
    18 113,677 5,627 3,939
    19 119,304 5,906 4,134
    20 125,209 6,198 4,339
    TOTAL $81,407 $56,985
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.67x (National Avg. - 0.23%)
    $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