Compare Analysis of Onpoint Community with 2.30% 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
    Onpoint Community
    $50,000
    18 Month
    2.30%
    3.97x (National Avg. - 0.58%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,150 805
    2 51,150 1,176 824
    3 52,326 1,204 842
    4 53,530 1,231 862
    5 54,761 1,260 882
    6 56,021 1,288 902
    7 57,309 1,318 923
    8 58,627 1,348 944
    9 59,976 1,379 966
    10 61,355 1,411 988
    11 62,766 1,444 1,011
    12 64,210 1,477 1,034
    13 65,687 1,511 1,058
    14 67,198 1,546 1,082
    15 68,743 1,581 1,107
    16 70,324 1,617 1,132
    17 71,942 1,655 1,158
    18 73,596 1,693 1,185
    19 75,289 1,732 1,212
    20 77,021 1,771 1,240
    TOTAL $28,792 $20,154
  • 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