$titleTerm = "Special " Compare Analysis of Millbury National Bank with 3.89% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of Millbury National Bank with 3.89% 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
    Millbury National Bank
    $50,000
    24 Month
    3.89%
    5.91x (National Avg. - 0.66%)
    $501
    Bank
    -
     
    SCENARIO
    Year Rate
    3.89%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,945 1,362
    2 51,945 2,021 1,414
    3 53,966 2,099 1,469
    4 56,065 2,181 1,527
    5 58,246 2,266 1,586
    6 60,512 2,354 1,648
    7 62,866 2,445 1,712
    8 65,311 2,541 1,778
    9 67,852 2,639 1,848
    10 70,491 2,742 1,919
    11 73,233 2,849 1,994
    12 76,082 2,960 2,072
    13 79,041 3,075 2,152
    14 82,116 3,194 2,236
    15 85,310 3,319 2,323
    16 88,629 3,448 2,413
    17 92,077 3,582 2,507
    18 95,659 3,721 2,605
    19 99,380 3,866 2,706
    20 103,246 4,016 2,811
    TOTAL $57,262 $40,083
  • 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