$titleTerm = "Special " Compare Analysis of Mccoy with 2.17% APY and First Foundation Bank with 4.00% APY.


Compare Analysis of Mccoy with 2.17% 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
    13 Month
    2.17%
    N.A.
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.17%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,086 760
    2 51,086 1,109 776
    3 52,195 1,133 793
    4 53,328 1,158 810
    5 54,485 1,183 828
    6 55,668 1,209 846
    7 56,877 1,235 864
    8 58,112 1,262 883
    9 59,373 1,289 902
    10 60,662 1,317 922
    11 61,979 1,346 942
    12 63,325 1,375 962
    13 64,700 1,405 983
    14 66,104 1,435 1,005
    15 67,539 1,466 1,026
    16 69,006 1,498 1,049
    17 70,504 1,531 1,071
    18 72,034 1,564 1,095
    19 73,598 1,598 1,118
    20 75,196 1,633 1,143
    TOTAL $26,829 $18,780
  • 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