Compare Analysis of Municipal with 3.82% 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
    Municipal
    $50,000
    12 Month
    3.82%
    6.96x (National Avg. - 0.55%)
    $500
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.82%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,908 1,335
    2 51,908 1,980 1,386
    3 53,888 2,056 1,439
    4 55,944 2,134 1,494
    5 58,078 2,216 1,551
    6 60,294 2,300 1,610
    7 62,594 2,388 1,672
    8 64,982 2,479 1,735
    9 67,461 2,574 1,802
    10 70,034 2,672 1,870
    11 72,706 2,774 1,942
    12 75,480 2,880 2,016
    13 78,359 2,989 2,093
    14 81,349 3,103 2,172
    15 84,452 3,222 2,255
    16 87,674 3,345 2,341
    17 91,019 3,472 2,431
    18 94,491 3,605 2,523
    19 98,096 3,742 2,620
    20 101,839 3,885 2,720
    TOTAL $55,724 $39,007
  • 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