Compare Analysis of Mohawk Valley with 4.07% 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
    Mohawk Valley
    $50,000
    18 Month
    4.07%
    7.05x (National Avg. - 0.58%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    4.07%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,037 1,426
    2 52,037 2,120 1,484
    3 54,157 2,206 1,544
    4 56,363 2,296 1,607
    5 58,660 2,390 1,673
    6 61,049 2,487 1,741
    7 63,537 2,588 1,812
    8 66,125 2,694 1,886
    9 68,819 2,804 1,963
    10 71,623 2,918 2,043
    11 74,541 3,037 2,126
    12 77,577 3,160 2,212
    13 80,738 3,289 2,302
    14 84,027 3,423 2,396
    15 87,450 3,563 2,494
    16 91,013 3,708 2,596
    17 94,721 3,859 2,701
    18 98,580 4,016 2,811
    19 102,596 4,180 2,926
    20 106,776 4,350 3,045
    TOTAL $61,126 $42,788
  • 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