$titleTerm = "Special " Compare Analysis of Reliabank Dakota with 4.94% APY and First Foundation Bank with 4.00% APY.


Compare Analysis of Reliabank Dakota with 4.94% 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
    Reliabank Dakota
    $50,000
    11 Month
    4.94%
    N.A.
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.94%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,470 1,729
    2 52,470 2,592 1,814
    3 55,062 2,720 1,904
    4 57,782 2,854 1,998
    5 60,637 2,995 2,097
    6 63,632 3,143 2,200
    7 66,775 3,299 2,309
    8 70,074 3,462 2,423
    9 73,536 3,633 2,543
    10 77,168 3,812 2,668
    11 80,981 4,000 2,800
    12 84,981 4,198 2,939
    13 89,179 4,405 3,084
    14 93,584 4,623 3,236
    15 98,208 4,851 3,396
    16 103,059 5,091 3,564
    17 108,150 5,343 3,740
    18 113,493 5,607 3,925
    19 119,099 5,884 4,118
    20 124,983 6,174 4,322
    TOTAL $81,157 $56,810
  • 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