Compare Analysis of Minnequa Works with 3.34% 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
    3.34%
    4.44x (National Avg. - 0.75%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.34%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,671 1,169
    2 51,671 1,726 1,208
    3 53,397 1,784 1,249
    4 55,181 1,844 1,291
    5 57,024 1,905 1,334
    6 58,930 1,969 1,378
    7 60,898 2,035 1,424
    8 62,933 2,103 1,472
    9 65,036 2,173 1,521
    10 67,208 2,245 1,572
    11 69,454 2,320 1,624
    12 71,774 2,398 1,679
    13 74,172 2,478 1,735
    14 76,650 2,561 1,793
    15 79,211 2,646 1,853
    16 81,858 2,735 1,914
    17 84,593 2,826 1,978
    18 87,419 2,921 2,044
    19 90,340 3,018 2,113
    20 93,358 3,119 2,183
    TOTAL $46,477 $32,534
  • 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