Compare Analysis of Minnequa Works with 3.75% APY and First Foundation Bank with 4.00% 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
    Minnequa Works
    $50,000
    15 Month
    3.75%
    N.A.
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,876 1,313
    2 51,876 1,946 1,362
    3 53,822 2,019 1,414
    4 55,842 2,095 1,467
    5 57,937 2,174 1,522
    6 60,111 2,255 1,579
    7 62,366 2,340 1,638
    8 64,706 2,428 1,699
    9 67,134 2,519 1,763
    10 69,653 2,613 1,829
    11 72,266 2,711 1,898
    12 74,978 2,813 1,969
    13 77,791 2,919 2,043
    14 80,709 3,028 2,120
    15 83,738 3,142 2,199
    16 86,879 3,260 2,282
    17 90,139 3,382 2,367
    18 93,521 3,509 2,456
    19 97,030 3,641 2,548
    20 100,671 3,777 2,644
    TOTAL $54,448 $38,114
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    7.13x (National Avg. - 0.56%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689