Compare Analysis of Heritage Bank National Association with 4.79% 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
    Heritage Bank National Association
    $50,000
    12 Month
    4.79%
    8.76x (National Avg. - 0.55%)
    $2,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.79%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,395 1,677
    2 52,395 2,510 1,757
    3 54,905 2,630 1,841
    4 57,535 2,756 1,929
    5 60,291 2,888 2,022
    6 63,178 3,026 2,118
    7 66,205 3,171 2,220
    8 69,376 3,323 2,326
    9 72,699 3,482 2,438
    10 76,181 3,649 2,554
    11 79,830 3,824 2,677
    12 83,654 4,007 2,805
    13 87,661 4,199 2,939
    14 91,860 4,400 3,080
    15 96,260 4,611 3,228
    16 100,871 4,832 3,382
    17 105,703 5,063 3,544
    18 110,766 5,306 3,714
    19 116,072 5,560 3,892
    20 121,632 5,826 4,078
    TOTAL $77,458 $54,221
  • 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