Compare Analysis of Rally with 3.69% 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
    36 Month
    3.69%
    4.90x (National Avg. - 0.75%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.69%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,845 1,292
    2 51,845 1,913 1,339
    3 53,758 1,984 1,389
    4 55,742 2,057 1,440
    5 57,799 2,133 1,493
    6 59,931 2,211 1,548
    7 62,143 2,293 1,605
    8 64,436 2,378 1,664
    9 66,814 2,465 1,726
    10 69,279 2,556 1,789
    11 71,835 2,651 1,856
    12 74,486 2,749 1,924
    13 77,235 2,850 1,995
    14 80,085 2,955 2,069
    15 83,040 3,064 2,145
    16 86,104 3,177 2,224
    17 89,281 3,294 2,306
    18 92,576 3,416 2,391
    19 95,992 3,542 2,479
    20 99,534 3,673 2,571
    TOTAL $53,207 $37,245
  • 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