Compare Analysis of Luana Savings Bank with 5.06% 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
    Luana Savings Bank
    $50,000
    18 Month
    5.06%
    8.75x (National Avg. - 0.58%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.06%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,530 1,771
    2 52,530 2,658 1,861
    3 55,188 2,793 1,955
    4 57,981 2,934 2,054
    5 60,914 3,082 2,158
    6 63,997 3,238 2,267
    7 67,235 3,402 2,381
    8 70,637 3,574 2,502
    9 74,211 3,755 2,629
    10 77,966 3,945 2,762
    11 81,911 4,145 2,901
    12 86,056 4,354 3,048
    13 90,410 4,575 3,202
    14 94,985 4,806 3,364
    15 99,792 5,049 3,535
    16 104,841 5,305 3,713
    17 110,146 5,573 3,901
    18 115,719 5,855 4,099
    19 121,575 6,152 4,306
    20 127,726 6,463 4,524
    TOTAL $84,189 $58,933
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.67x (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