Compare Analysis of Mccoy with 1.82% 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
    6 Month
    1.82%
    4.48x (National Avg. - 0.41%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.82%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 908 635
    2 50,908 924 647
    3 51,831 941 659
    4 52,772 958 670
    5 53,730 975 683
    6 54,705 993 695
    7 55,698 1,011 708
    8 56,709 1,029 720
    9 57,738 1,048 734
    10 58,786 1,067 747
    11 59,853 1,086 760
    12 60,940 1,106 774
    13 62,046 1,126 788
    14 63,172 1,147 803
    15 64,318 1,167 817
    16 65,486 1,189 832
    17 66,674 1,210 847
    18 67,884 1,232 862
    19 69,117 1,254 878
    20 70,371 1,277 894
    TOTAL $21,648 $15,154
  • 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