Compare Analysis of North Brookfield Savings Bank with 3.31% 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
    North Brookfield Savings Bank
    $50,000
    15 Month
    3.31%
    N.A.
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    3.31%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,655 1,159
    2 51,655 1,710 1,197
    3 53,365 1,766 1,236
    4 55,131 1,825 1,277
    5 56,956 1,885 1,320
    6 58,841 1,948 1,363
    7 60,789 2,012 1,408
    8 62,801 2,079 1,455
    9 64,880 2,148 1,503
    10 67,027 2,219 1,553
    11 69,246 2,292 1,604
    12 71,538 2,368 1,658
    13 73,906 2,446 1,712
    14 76,352 2,527 1,769
    15 78,879 2,611 1,828
    16 81,490 2,697 1,888
    17 84,188 2,787 1,951
    18 86,974 2,879 2,015
    19 89,853 2,974 2,082
    20 92,827 3,073 2,151
    TOTAL $45,900 $32,130
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $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