Compare Analysis of Minnequa Works with 3.39% 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
    36 Month
    3.39%
    4.50x (National Avg. - 0.75%)
    $50,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.39%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,696 1,187
    2 51,696 1,754 1,227
    3 53,450 1,813 1,269
    4 55,263 1,875 1,312
    5 57,137 1,938 1,357
    6 59,075 2,004 1,403
    7 61,079 2,072 1,450
    8 63,151 2,142 1,499
    9 65,293 2,215 1,550
    10 67,508 2,290 1,603
    11 69,797 2,368 1,657
    12 72,165 2,448 1,713
    13 74,613 2,531 1,772
    14 77,144 2,617 1,832
    15 79,760 2,705 1,894
    16 82,466 2,797 1,958
    17 85,263 2,892 2,024
    18 88,155 2,990 2,093
    19 91,145 3,092 2,164
    20 94,237 3,197 2,238
    TOTAL $47,434 $33,204
  • 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