$titleTerm = "Special " Compare Analysis of MCS Bank with 4.01% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of MCS Bank with 4.01% 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
    MCS Bank
    $50,000
    25 Month
    4.01%
    N.A.
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.01%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,005 1,404
    2 52,005 2,085 1,460
    3 54,090 2,169 1,518
    4 56,259 2,256 1,579
    5 58,515 2,346 1,643
    6 60,862 2,441 1,708
    7 63,302 2,538 1,777
    8 65,841 2,640 1,848
    9 68,481 2,746 1,922
    10 71,227 2,856 1,999
    11 74,083 2,971 2,080
    12 77,054 3,090 2,163
    13 80,144 3,214 2,250
    14 83,358 3,343 2,340
    15 86,700 3,477 2,434
    16 90,177 3,616 2,531
    17 93,793 3,761 2,633
    18 97,554 3,912 2,738
    19 101,466 4,069 2,848
    20 105,535 4,232 2,962
    TOTAL $59,767 $41,837
  • 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