Compare Analysis of Mcpherson Co-op with 0.35% APY and First Foundation Bank with 3.75% 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
    Mcpherson Co-op
    $50,000
    6 Month
    0.35%
    0.88x (National Avg. - 0.40%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.35%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 177 124
    2 50,177 177 124
    3 50,354 178 124
    4 50,531 178 125
    5 50,710 179 125
    6 50,889 180 126
    7 51,068 180 126
    8 51,249 181 127
    9 51,430 182 127
    10 51,611 182 128
    11 51,793 183 128
    12 51,976 183 128
    13 52,160 184 129
    14 52,344 185 129
    15 52,529 185 130
    16 52,714 186 130
    17 52,900 187 131
    18 53,087 187 131
    19 53,274 188 132
    20 53,462 189 132
    TOTAL $3,651 $2,556
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    7.93x (National Avg. - 0.47%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    3.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,875 1,313
    2 51,875 1,945 1,362
    3 53,820 2,018 1,413
    4 55,839 2,094 1,466
    5 57,933 2,172 1,521
    6 60,105 2,254 1,578
    7 62,359 2,338 1,637
    8 64,697 2,426 1,698
    9 67,124 2,517 1,762
    10 69,641 2,612 1,828
    11 72,252 2,709 1,897
    12 74,962 2,811 1,968
    13 77,773 2,916 2,042
    14 80,689 3,026 2,118
    15 83,715 3,139 2,198
    16 86,854 3,257 2,280
    17 90,111 3,379 2,365
    18 93,491 3,506 2,454
    19 96,996 3,637 2,546
    20 100,634 3,774 2,642
    TOTAL $54,408 $38,085