Compare Analysis of Rally with 4.17% 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
    Rally
    $50,000
    12 Month
    4.17%
    7.62x (National Avg. - 0.55%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    4.17%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,085 1,460
    2 52,085 2,172 1,520
    3 54,257 2,263 1,584
    4 56,519 2,357 1,650
    5 58,876 2,455 1,719
    6 61,331 2,558 1,790
    7 63,889 2,664 1,865
    8 66,553 2,775 1,943
    9 69,328 2,891 2,024
    10 72,219 3,012 2,108
    11 75,231 3,137 2,196
    12 78,368 3,268 2,288
    13 81,636 3,404 2,383
    14 85,040 3,546 2,482
    15 88,586 3,694 2,586
    16 92,281 3,848 2,694
    17 96,129 4,009 2,806
    18 100,137 4,176 2,923
    19 104,313 4,350 3,045
    20 108,663 4,531 3,172
    TOTAL $63,194 $44,236
  • 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