Compare Analysis of Habib American Bank with 0.60% 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 SAVINGS
    Habib American Bank
    $50,000
    N.A.
    0.60%
    2.66x (National Avg. - 0.23%)
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    0.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 299 209
    2 50,299 301 211
    3 50,600 303 212
    4 50,902 304 213
    5 51,207 306 214
    6 51,513 308 216
    7 51,821 310 217
    8 52,131 312 218
    9 52,443 314 220
    10 52,756 315 221
    11 53,072 317 222
    12 53,389 319 223
    13 53,708 321 225
    14 54,030 323 226
    15 54,353 325 228
    16 54,678 327 229
    17 55,005 329 230
    18 55,334 331 232
    19 55,664 333 233
    20 55,997 335 234
    TOTAL $6,332 $4,433
  • 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