$titleTerm = "Special " Compare Analysis of Hiawatha National Bank with 4.14% APY and First Foundation Bank with 4.00% APY.


Compare Analysis of Hiawatha National Bank with 4.14% APY and First Foundation Bank with 4.00% 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
    Hiawatha National Bank
    $50,000
    20 Month
    4.14%
    N.A.
    $50,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.14%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,070 1,449
    2 52,070 2,156 1,509
    3 54,226 2,245 1,571
    4 56,471 2,338 1,637
    5 58,809 2,435 1,704
    6 61,243 2,535 1,775
    7 63,779 2,640 1,848
    8 66,419 2,750 1,925
    9 69,169 2,864 2,005
    10 72,032 2,982 2,088
    11 75,015 3,106 2,174
    12 78,120 3,234 2,264
    13 81,354 3,368 2,358
    14 84,722 3,508 2,455
    15 88,230 3,653 2,557
    16 91,883 3,804 2,663
    17 95,687 3,961 2,773
    18 99,648 4,125 2,888
    19 103,773 4,296 3,007
    20 108,070 4,474 3,132
    TOTAL $62,544 $43,781
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    7.13x (National Avg. - 0.56%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689