Compare Analysis of Mccoy with 3.20% 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
    60 Month
    3.20%
    3.47x (National Avg. - 0.92%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.20%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,598 1,119
    2 51,598 1,649 1,154
    3 53,247 1,702 1,191
    4 54,949 1,756 1,229
    5 56,705 1,812 1,269
    6 58,517 1,870 1,309
    7 60,388 1,930 1,351
    8 62,318 1,992 1,394
    9 64,309 2,055 1,439
    10 66,364 2,121 1,485
    11 68,486 2,189 1,532
    12 70,674 2,259 1,581
    13 72,933 2,331 1,632
    14 75,264 2,405 1,684
    15 77,669 2,482 1,738
    16 80,152 2,562 1,793
    17 82,713 2,644 1,850
    18 85,357 2,728 1,910
    19 88,085 2,815 1,971
    20 90,900 2,905 2,034
    TOTAL $43,805 $30,664
  • 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