$titleTerm = "Special " Compare Analysis of Redstone with 5.41% APY and First Foundation Bank with 4.00% APY.


Compare Analysis of Redstone with 5.41% 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
    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.
    4.00%
    7.13x (National Avg. - 0.56%)
    $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