Compare Analysis of Plus with 1.55% 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
    36 Month
    1.55%
    2.05x (National Avg. - 0.75%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.55%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 773 541
    2 50,773 784 549
    3 51,557 797 558
    4 52,353 809 566
    5 53,162 821 575
    6 53,984 834 584
    7 54,818 847 593
    8 55,665 860 602
    9 56,525 873 611
    10 57,398 887 621
    11 58,285 901 630
    12 59,185 914 640
    13 60,100 929 650
    14 61,028 943 660
    15 61,971 957 670
    16 62,929 972 681
    17 63,901 987 691
    18 64,888 1,003 702
    19 65,891 1,018 713
    20 66,909 1,034 724
    TOTAL $17,942 $12,560
  • 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