Compare Analysis of Mccoy with 2.68% 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
    2.68%
    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.
    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