Compare Analysis of Kings Peak with 2.78% 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 MONEY MARKET
    Kings Peak
    $50,000
    N.A.
    2.78%
    5.87x (National Avg. - 0.47%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.78%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,389 972
    2 51,389 1,428 999
    3 52,817 1,467 1,027
    4 54,284 1,508 1,056
    5 55,792 1,550 1,085
    6 57,342 1,593 1,115
    7 58,935 1,637 1,146
    8 60,572 1,683 1,178
    9 62,255 1,729 1,211
    10 63,984 1,777 1,244
    11 65,761 1,827 1,279
    12 67,588 1,878 1,314
    13 69,466 1,930 1,351
    14 71,396 1,983 1,388
    15 73,379 2,038 1,427
    16 75,418 2,095 1,467
    17 77,513 2,153 1,507
    18 79,666 2,213 1,549
    19 81,879 2,275 1,592
    20 84,154 2,338 1,636
    TOTAL $36,491 $25,544
  • 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