Compare Analysis of Members Advantage with 0.85% 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
    Members Advantage
    $50,000
    48 Month
    0.85%
    1.04x (National Avg. - 0.82%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.85%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 427 299
    2 50,427 431 301
    3 50,858 434 304
    4 51,292 438 307
    5 51,730 442 309
    6 52,172 446 312
    7 52,617 449 315
    8 53,067 453 317
    9 53,520 457 320
    10 53,977 461 323
    11 54,438 465 325
    12 54,903 469 328
    13 55,372 473 331
    14 55,845 477 334
    15 56,321 481 337
    16 56,802 485 340
    17 57,288 489 342
    18 57,777 493 345
    19 58,270 498 348
    20 58,768 502 351
    TOTAL $9,270 $6,489
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $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