Compare Analysis of Mccoy with 2.38% APY and First Foundation Bank with 4.00% 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
    Mccoy
    $50,000
    36 Month
    2.38%
    3.15x (National Avg. - 0.75%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.38%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,188 831
    2 51,188 1,216 851
    3 52,403 1,245 871
    4 53,648 1,274 892
    5 54,922 1,304 913
    6 56,226 1,335 935
    7 57,562 1,367 957
    8 58,929 1,400 980
    9 60,328 1,433 1,003
    10 61,761 1,467 1,027
    11 63,228 1,502 1,051
    12 64,730 1,537 1,076
    13 66,267 1,574 1,102
    14 67,841 1,611 1,128
    15 69,452 1,649 1,155
    16 71,101 1,689 1,182
    17 72,790 1,729 1,210
    18 74,519 1,770 1,239
    19 76,289 1,812 1,268
    20 78,101 1,855 1,298
    TOTAL $29,955 $20,969
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    7.13x (National Avg. - 0.56%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689