Compare Analysis of Home Bank of Arkansas with 0.95% 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
    Home Bank of Arkansas
    $50,000
    6 Month
    0.95%
    2.34x (National Avg. - 0.40%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.95%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 473 331
    2 50,473 477 334
    3 50,950 482 337
    4 51,432 487 341
    5 51,919 491 344
    6 52,410 496 347
    7 52,906 500 350
    8 53,406 505 354
    9 53,912 510 357
    10 54,422 515 360
    11 54,937 520 364
    12 55,456 525 367
    13 55,981 530 371
    14 56,510 535 374
    15 57,045 540 378
    16 57,585 545 381
    17 58,129 550 385
    18 58,679 555 389
    19 59,234 560 392
    20 59,795 566 396
    TOTAL $10,360 $7,252
  • 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