Compare Analysis of Millbury National Bank with 5.45% 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.
    5.45%
    11.52x (National Avg. - 0.47%)
    $502
    Bank
    -
     
    SCENARIO
    Year Rate
    5.45%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,725 1,908
    2 52,725 2,874 2,011
    3 55,599 3,030 2,121
    4 58,629 3,195 2,237
    5 61,824 3,369 2,359
    6 65,193 3,553 2,487
    7 68,746 3,747 2,623
    8 72,493 3,951 2,766
    9 76,444 4,166 2,916
    10 80,610 4,393 3,075
    11 85,003 4,633 3,243
    12 89,636 4,885 3,420
    13 94,521 5,151 3,606
    14 99,673 5,432 3,803
    15 105,105 5,728 4,010
    16 110,833 6,040 4,228
    17 116,873 6,370 4,459
    18 123,243 6,717 4,702
    19 129,960 7,083 4,958
    20 137,042 7,469 5,228
    TOTAL $94,511 $66,158
  • 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