Compare Analysis of River Bank & Trust with 3.81% 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."
- 1LOCAL CD$50,00025 Month3.81%N.A.$1,000Bank-SCENARIO
Year Rate
3.81%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,905 1,334 2 51,905 1,978 1,384 3 53,883 2,053 1,437 4 55,936 2,131 1,492 5 58,067 2,212 1,549 6 60,279 2,297 1,608 7 62,576 2,384 1,669 8 64,960 2,475 1,732 9 67,435 2,569 1,798 10 70,004 2,667 1,867 11 72,671 2,769 1,938 12 75,440 2,874 2,012 13 78,314 2,984 2,089 14 81,298 3,097 2,168 15 84,395 3,215 2,251 16 87,611 3,338 2,337 17 90,949 3,465 2,426 18 94,414 3,597 2,518 19 98,011 3,734 2,614 20 101,745 3,876 2,714 TOTAL $55,622 $38,935 - 2ONLINE SAVINGS$50,000N.A.4.00%7.13x (National Avg. - 0.56%)$1,000Bank-SCENARIO
Year Rate
4.00%Annual
InterestAnnual 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