Compare Analysis of InsBank with 2.38% 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
    ONLINE MONEY MARKET
    InsBank
    $50,000
    N.A.
    2.38%
    5.03x (National Avg. - 0.47%)
    $50,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.38%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,190 833
    2 51,190 1,218 853
    3 52,408 1,247 873
    4 53,656 1,277 894
    5 54,933 1,307 915
    6 56,240 1,339 937
    7 57,579 1,370 959
    8 58,949 1,403 982
    9 60,352 1,436 1,005
    10 61,788 1,471 1,029
    11 63,259 1,506 1,054
    12 64,764 1,541 1,079
    13 66,306 1,578 1,105
    14 67,884 1,616 1,131
    15 69,500 1,654 1,158
    16 71,154 1,693 1,185
    17 72,847 1,734 1,214
    18 74,581 1,775 1,243
    19 76,356 1,817 1,272
    20 78,173 1,861 1,302
    TOTAL $30,034 $21,024
  • 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