Compare Analysis of Monesty, a division of American Commerce Bank of Georgia with 5.22% 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
    ONLINE CD
    Monesty, a division of American Commerce Bank of Georgia
    $50,000
    12 Month
    5.22%
    9.54x (National Avg. - 0.55%)
    $500
    Online Bank
    -
     
    SCENARIO
    Year Rate
    5.22%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,610 1,827
    2 52,610 2,746 1,922
    3 55,356 2,890 2,023
    4 58,246 3,040 2,128
    5 61,286 3,199 2,239
    6 64,485 3,366 2,356
    7 67,852 3,542 2,479
    8 71,393 3,727 2,609
    9 75,120 3,921 2,745
    10 79,041 4,126 2,888
    11 83,167 4,341 3,039
    12 87,509 4,568 3,198
    13 92,077 4,806 3,364
    14 96,883 5,057 3,540
    15 101,940 5,321 3,725
    16 107,262 5,599 3,919
    17 112,861 5,891 4,124
    18 118,752 6,199 4,339
    19 124,951 6,522 4,566
    20 131,473 6,863 4,804
    TOTAL $88,336 $61,835
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $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