Compare Analysis of St. Anne's with 6.25% 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 SAVINGS
    St. Anne's
    $50,000
    N.A.
    6.25%
    27.65x (National Avg. - 0.23%)
    $5
    Credit Union
    -
     
    SCENARIO
    Year Rate
    6.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 3,125 2,188
    2 53,125 3,320 2,324
    3 56,445 3,528 2,469
    4 59,973 3,748 2,624
    5 63,721 3,983 2,788
    6 67,704 4,232 2,962
    7 71,936 4,496 3,147
    8 76,432 4,777 3,344
    9 81,209 5,076 3,553
    10 86,284 5,393 3,775
    11 91,677 5,730 4,011
    12 97,407 6,088 4,262
    13 103,494 6,468 4,528
    14 109,963 6,873 4,811
    15 116,836 7,302 5,112
    16 124,138 7,759 5,431
    17 131,896 8,244 5,770
    18 140,140 8,759 6,131
    19 148,899 9,306 6,514
    20 158,205 9,888 6,921
    TOTAL $118,093 $82,665
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $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