Compare Analysis of Inroads with 6.13% 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
    Inroads
    $50,000
    N.A.
    6.13%
    10.92x (National Avg. - 0.56%)
    $300
    Credit Union
    -
     
    SCENARIO
    Year Rate
    6.13%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 3,063 2,144
    2 53,063 3,250 2,275
    3 56,313 3,449 2,414
    4 59,762 3,660 2,562
    5 63,422 3,885 2,719
    6 67,307 4,123 2,886
    7 71,429 4,375 3,063
    8 75,804 4,643 3,250
    9 80,447 4,927 3,449
    10 85,375 5,229 3,660
    11 90,604 5,549 3,885
    12 96,153 5,889 4,123
    13 102,043 6,250 4,375
    14 108,293 6,633 4,643
    15 114,926 7,039 4,927
    16 121,965 7,470 5,229
    17 129,435 7,928 5,550
    18 137,363 8,414 5,889
    19 145,777 8,929 6,250
    20 154,706 9,476 6,633
    TOTAL $114,181 $79,927
  • 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