Compare Analysis of Hudson Valley with 4.09% 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
    Hudson Valley
    $50,000
    12 Month
    4.09%
    7.48x (National Avg. - 0.55%)
    $750
    Credit Union
    -
     
    SCENARIO
    Year Rate
    4.09%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,045 1,432
    2 52,045 2,129 1,490
    3 54,174 2,216 1,551
    4 56,389 2,306 1,614
    5 58,696 2,401 1,680
    6 61,096 2,499 1,749
    7 63,595 2,601 1,821
    8 66,196 2,707 1,895
    9 68,904 2,818 1,973
    10 71,722 2,933 2,053
    11 74,655 3,053 2,137
    12 77,709 3,178 2,225
    13 80,887 3,308 2,316
    14 84,195 3,444 2,411
    15 87,639 3,584 2,509
    16 91,223 3,731 2,612
    17 94,954 3,884 2,719
    18 98,838 4,042 2,830
    19 102,880 4,208 2,945
    20 107,088 4,380 3,066
    TOTAL $61,468 $43,028
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.59x (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