$titleTerm = "Special " Compare Analysis of Midwest Heritage Bank, FSB with 5.07% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of Midwest Heritage Bank, FSB with 5.07% 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
    Midwest Heritage Bank, FSB
    $50,000
    8 Month
    5.07%
    N.A.
    $5,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.07%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,535 1,775
    2 52,535 2,664 1,864
    3 55,199 2,799 1,959
    4 57,997 2,940 2,058
    5 60,938 3,090 2,163
    6 64,027 3,246 2,272
    7 67,273 3,411 2,388
    8 70,684 3,584 2,509
    9 74,268 3,765 2,636
    10 78,033 3,956 2,769
    11 81,989 4,157 2,910
    12 86,146 4,368 3,057
    13 90,514 4,589 3,212
    14 95,103 4,822 3,375
    15 99,925 5,066 3,546
    16 104,991 5,323 3,726
    17 110,314 5,593 3,915
    18 115,907 5,876 4,114
    19 121,783 6,174 4,322
    20 127,958 6,487 4,541
    TOTAL $84,445 $59,111
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.74x (National Avg. - 0.22%)
    $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