Compare Analysis of NSB Bank with 0.67% 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
    NSB Bank
    $50,000
    18 Month
    0.67%
    1.16x (National Avg. - 0.58%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.67%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 336 235
    2 50,336 338 236
    3 50,673 340 238
    4 51,013 342 240
    5 51,356 345 241
    6 51,700 347 243
    7 52,047 349 244
    8 52,396 352 246
    9 52,748 354 248
    10 53,102 356 249
    11 53,458 359 251
    12 53,817 361 253
    13 54,178 364 254
    14 54,541 366 256
    15 54,907 368 258
    16 55,276 371 260
    17 55,647 373 261
    18 56,020 376 263
    19 56,396 378 265
    20 56,774 381 267
    TOTAL $7,155 $5,009
  • 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