Compare Analysis of Plus with 1.25% 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
    Plus
    $50,000
    24 Month
    1.25%
    1.90x (National Avg. - 0.66%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 624 436
    2 50,624 631 442
    3 51,255 639 447
    4 51,894 647 453
    5 52,541 655 459
    6 53,196 663 464
    7 53,860 672 470
    8 54,531 680 476
    9 55,211 688 482
    10 55,900 697 488
    11 56,597 706 494
    12 57,303 715 500
    13 58,017 723 506
    14 58,741 732 513
    15 59,473 742 519
    16 60,215 751 526
    17 60,966 760 532
    18 61,726 770 539
    19 62,496 779 546
    20 63,275 789 552
    TOTAL $14,064 $9,845
  • 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