Compare Analysis of New England with 3.14% 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 MONEY MARKET
    New England
    $50,000
    N.A.
    3.14%
    13.96x (National Avg. - 0.23%)
    $250,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.14%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,570 1,099
    2 51,570 1,619 1,134
    3 53,189 1,670 1,169
    4 54,859 1,723 1,206
    5 56,582 1,777 1,244
    6 58,359 1,832 1,283
    7 60,191 1,890 1,323
    8 62,081 1,949 1,365
    9 64,031 2,011 1,407
    10 66,041 2,074 1,452
    11 68,115 2,139 1,497
    12 70,254 2,206 1,544
    13 72,460 2,275 1,593
    14 74,735 2,347 1,643
    15 77,081 2,420 1,694
    16 79,502 2,496 1,747
    17 81,998 2,575 1,802
    18 84,573 2,656 1,859
    19 87,228 2,739 1,917
    20 89,967 2,825 1,977
    TOTAL $42,792 $29,955
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.67x (National Avg. - 0.23%)
    $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