Compare Analysis of Plus with 1.30% 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
    1.30%
    1.97x (National Avg. - 0.66%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 649 454
    2 50,649 657 460
    3 51,305 665 466
    4 51,971 674 472
    5 52,645 683 478
    6 53,328 692 484
    7 54,019 701 490
    8 54,720 710 497
    9 55,430 719 503
    10 56,149 728 510
    11 56,877 738 516
    12 57,615 747 523
    13 58,362 757 530
    14 59,119 767 537
    15 59,886 777 544
    16 60,662 787 551
    17 61,449 797 558
    18 62,246 807 565
    19 63,053 818 572
    20 63,871 828 580
    TOTAL $14,700 $10,290
  • 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