Compare Analysis of Morton Community Bank with 2.04% 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
    3 Month
    2.04%
    0.90x (National Avg. - 2.26%)
    $0
    Bank
    -
     
    SCENARIO
    Year Rate
    2.04%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,020 714
    2 51,020 1,041 729
    3 52,061 1,062 743
    4 53,123 1,084 759
    5 54,207 1,106 774
    6 55,312 1,128 790
    7 56,441 1,151 806
    8 57,592 1,175 822
    9 58,767 1,199 839
    10 59,966 1,223 856
    11 61,189 1,248 874
    12 62,437 1,274 892
    13 63,711 1,300 910
    14 65,011 1,326 928
    15 66,337 1,353 947
    16 67,690 1,381 967
    17 69,071 1,409 986
    18 70,480 1,438 1,006
    19 71,918 1,467 1,027
    20 73,385 1,497 1,048
    TOTAL $24,882 $17,418
  • 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