Compare Analysis of Northwoods with 1.51% 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
    Northwoods
    $50,000
    60 Month
    1.51%
    1.64x (National Avg. - 0.92%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.51%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 754 528
    2 50,754 765 536
    3 51,519 777 544
    4 52,296 789 552
    5 53,085 801 560
    6 53,885 813 569
    7 54,698 825 577
    8 55,523 837 586
    9 56,360 850 595
    10 57,210 863 604
    11 58,073 876 613
    12 58,949 889 622
    13 59,837 902 632
    14 60,740 916 641
    15 61,656 930 651
    16 62,586 944 661
    17 63,529 958 671
    18 64,487 972 681
    19 65,460 987 691
    20 66,447 1,002 701
    TOTAL $17,449 $12,214
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.74x (National Avg. - 0.22%)
    $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