$titleTerm = "Special " Compare Analysis of Reliabank Dakota with 4.94% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of Reliabank Dakota with 4.94% 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
    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.
    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