$titleTerm = "Special " Compare Analysis of Redstone with 5.41% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of Redstone with 5.41% 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
    Redstone
    $50,000
    8 Month
    5.41%
    N.A.
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    5.41%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,705 1,894
    2 52,705 2,851 1,996
    3 55,556 3,006 2,104
    4 58,562 3,168 2,218
    5 61,730 3,340 2,338
    6 65,070 3,520 2,464
    7 68,590 3,711 2,598
    8 72,301 3,911 2,738
    9 76,212 4,123 2,886
    10 80,335 4,346 3,042
    11 84,681 4,581 3,207
    12 89,263 4,829 3,380
    13 94,092 5,090 3,563
    14 99,182 5,366 3,756
    15 104,548 5,656 3,959
    16 110,204 5,962 4,173
    17 116,166 6,285 4,399
    18 122,451 6,625 4,637
    19 129,075 6,983 4,888
    20 136,058 7,361 5,153
    TOTAL $93,419 $65,393
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    7.93x (National Avg. - 0.47%)
    $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