Compare Analysis of Mccoy with 2.43% 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
    24 Month
    2.43%
    3.68x (National Avg. - 0.66%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.43%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,214 849
    2 51,214 1,243 870
    3 52,456 1,273 891
    4 53,730 1,304 913
    5 55,034 1,336 935
    6 56,369 1,368 958
    7 57,737 1,401 981
    8 59,139 1,435 1,005
    9 60,574 1,470 1,029
    10 62,044 1,506 1,054
    11 63,550 1,542 1,080
    12 65,092 1,580 1,106
    13 66,672 1,618 1,133
    14 68,290 1,657 1,160
    15 69,948 1,698 1,188
    16 71,645 1,739 1,217
    17 73,384 1,781 1,247
    18 75,165 1,824 1,277
    19 76,989 1,869 1,308
    20 78,858 1,914 1,340
    TOTAL $30,772 $21,540
  • 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