Compare Analysis of Inroads with 6.13% 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 SAVINGS
    Inroads
    $50,000
    N.A.
    6.13%
    12.95x (National Avg. - 0.47%)
    $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.
    3.75%
    7.93x (National Avg. - 0.47%)
    $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