Compare Analysis of Southwestern National Bank with 0.78% 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
    Southwestern National Bank
    $50,000
    24 Month
    0.78%
    1.18x (National Avg. - 0.66%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.78%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 388 271
    2 50,388 391 273
    3 50,778 394 275
    4 51,172 397 278
    5 51,568 400 280
    6 51,968 403 282
    7 52,371 406 284
    8 52,776 409 286
    9 53,185 412 289
    10 53,598 415 291
    11 54,013 419 293
    12 54,432 422 295
    13 54,853 425 298
    14 55,279 428 300
    15 55,707 432 302
    16 56,139 435 305
    17 56,574 438 307
    18 57,012 442 309
    19 57,454 445 312
    20 57,899 449 314
    TOTAL $8,348 $5,844
  • 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