Compare Analysis of Millbury National Bank with 2.69% 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 MONEY MARKET
    Millbury National Bank
    $50,000
    N.A.
    2.69%
    5.69x (National Avg. - 0.47%)
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    2.69%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,345 942
    2 51,345 1,381 967
    3 52,726 1,418 993
    4 54,145 1,456 1,020
    5 55,601 1,496 1,047
    6 57,097 1,536 1,075
    7 58,633 1,577 1,104
    8 60,210 1,620 1,134
    9 61,829 1,663 1,164
    10 63,493 1,708 1,196
    11 65,201 1,754 1,228
    12 66,954 1,801 1,261
    13 68,756 1,850 1,295
    14 70,605 1,899 1,329
    15 72,504 1,950 1,365
    16 74,455 2,003 1,402
    17 76,458 2,057 1,440
    18 78,514 2,112 1,478
    19 80,626 2,169 1,518
    20 82,795 2,227 1,559
    TOTAL $35,022 $24,516
  • 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