Compare Analysis of Morton Community Bank with 2.08% APY and First Foundation Bank with 3.75% 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
    Morton Community Bank
    $50,000
    60 Month
    2.08%
    2.25x (National Avg. - 0.92%)
    $0
    Bank
    -
     
    SCENARIO
    Year Rate
    2.08%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,040 728
    2 51,040 1,062 743
    3 52,102 1,084 759
    4 53,185 1,106 774
    5 54,292 1,129 790
    6 55,421 1,153 807
    7 56,574 1,177 824
    8 57,750 1,201 841
    9 58,952 1,226 858
    10 60,178 1,252 876
    11 61,429 1,278 894
    12 62,707 1,304 913
    13 64,011 1,331 932
    14 65,343 1,359 951
    15 66,702 1,387 971
    16 68,089 1,416 991
    17 69,506 1,446 1,012
    18 70,951 1,476 1,033
    19 72,427 1,506 1,055
    20 73,934 1,538 1,076
    TOTAL $25,472 $17,830
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    7.93x (National Avg. - 0.47%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    3.75%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,875 1,313
    2 51,875 1,945 1,362
    3 53,820 2,018 1,413
    4 55,839 2,094 1,466
    5 57,933 2,172 1,521
    6 60,105 2,254 1,578
    7 62,359 2,338 1,637
    8 64,697 2,426 1,698
    9 67,124 2,517 1,762
    10 69,641 2,612 1,828
    11 72,252 2,709 1,897
    12 74,962 2,811 1,968
    13 77,773 2,916 2,042
    14 80,689 3,026 2,118
    15 83,715 3,139 2,198
    16 86,854 3,257 2,280
    17 90,111 3,379 2,365
    18 93,491 3,506 2,454
    19 96,996 3,637 2,546
    20 100,634 3,774 2,642
    TOTAL $54,408 $38,085