Compare Analysis of Sandy Spring Bank with 3.12% 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
    Sandy Spring Bank
    $50,000
    30 Month
    3.12%
    N.A.
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.12%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,560 1,092
    2 51,560 1,609 1,126
    3 53,169 1,659 1,161
    4 54,828 1,711 1,197
    5 56,538 1,764 1,235
    6 58,302 1,819 1,273
    7 60,121 1,876 1,313
    8 61,997 1,934 1,354
    9 63,931 1,995 1,396
    10 65,926 2,057 1,440
    11 67,983 2,121 1,485
    12 70,104 2,187 1,531
    13 72,291 2,255 1,579
    14 74,547 2,326 1,628
    15 76,872 2,398 1,679
    16 79,271 2,473 1,731
    17 81,744 2,550 1,785
    18 84,295 2,630 1,841
    19 86,925 2,712 1,898
    20 89,637 2,797 1,958
    TOTAL $42,433 $29,703
  • 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