Compare Analysis of Rally with 3.93% 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
    Rally
    $50,000
    24 Month
    3.93%
    5.95x (National Avg. - 0.66%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.93%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,965 1,376
    2 51,965 2,042 1,430
    3 54,007 2,122 1,486
    4 56,130 2,206 1,544
    5 58,336 2,293 1,605
    6 60,628 2,383 1,668
    7 63,011 2,476 1,733
    8 65,487 2,574 1,802
    9 68,061 2,675 1,872
    10 70,736 2,780 1,946
    11 73,516 2,889 2,022
    12 76,405 3,003 2,102
    13 79,407 3,121 2,184
    14 82,528 3,243 2,270
    15 85,771 3,371 2,360
    16 89,142 3,503 2,452
    17 92,646 3,641 2,549
    18 96,287 3,784 2,649
    19 100,071 3,933 2,753
    20 104,003 4,087 2,861
    TOTAL $58,091 $40,664
  • 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