Compare Analysis of NexBank with 2.59% 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
    NexBank
    $50,000
    60 Month
    2.59%
    2.81x (National Avg. - 0.92%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.59%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,295 907
    2 51,295 1,329 930
    3 52,624 1,363 954
    4 53,986 1,398 979
    5 55,385 1,434 1,004
    6 56,819 1,472 1,030
    7 58,291 1,510 1,057
    8 59,801 1,549 1,084
    9 61,349 1,589 1,112
    10 62,938 1,630 1,141
    11 64,568 1,672 1,171
    12 66,241 1,716 1,201
    13 67,956 1,760 1,232
    14 69,716 1,806 1,264
    15 71,522 1,852 1,297
    16 73,375 1,900 1,330
    17 75,275 1,950 1,365
    18 77,225 2,000 1,400
    19 79,225 2,052 1,436
    20 81,277 2,105 1,474
    TOTAL $33,382 $23,367
  • 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