Compare Analysis of HarborOne Bank with 1.59% 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
    HarborOne Bank
    $50,000
    N.A.
    1.59%
    3.36x (National Avg. - 0.47%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    1.59%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 795 557
    2 50,795 808 565
    3 51,603 820 574
    4 52,423 834 583
    5 53,257 847 593
    6 54,103 860 602
    7 54,964 874 612
    8 55,838 888 621
    9 56,725 902 631
    10 57,627 916 641
    11 58,544 931 652
    12 59,474 946 662
    13 60,420 961 672
    14 61,381 976 683
    15 62,357 991 694
    16 63,348 1,007 705
    17 64,355 1,023 716
    18 65,379 1,040 728
    19 66,418 1,056 739
    20 67,474 1,073 751
    TOTAL $18,547 $12,983
  • 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