Compare Analysis of Mccoy with 2.68% 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
    Mccoy
    $50,000
    36 Month
    2.68%
    3.56x (National Avg. - 0.75%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.68%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,341 939
    2 51,341 1,377 964
    3 52,718 1,414 990
    4 54,132 1,452 1,016
    5 55,584 1,491 1,044
    6 57,074 1,531 1,072
    7 58,605 1,572 1,100
    8 60,177 1,614 1,130
    9 61,791 1,657 1,160
    10 63,448 1,702 1,191
    11 65,150 1,747 1,223
    12 66,897 1,794 1,256
    13 68,691 1,842 1,290
    14 70,534 1,892 1,324
    15 72,425 1,942 1,360
    16 74,368 1,995 1,396
    17 76,362 2,048 1,434
    18 78,410 2,103 1,472
    19 80,513 2,159 1,512
    20 82,673 2,217 1,552
    TOTAL $34,890 $24,423
  • 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