Compare Analysis of State Bank with 3.59% 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
    State Bank
    $50,000
    6 Month
    3.59%
    8.91x (National Avg. - 0.40%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.59%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,795 1,257
    2 51,795 1,859 1,302
    3 53,654 1,926 1,348
    4 55,581 1,995 1,397
    5 57,576 2,067 1,447
    6 59,643 2,141 1,499
    7 61,784 2,218 1,553
    8 64,002 2,298 1,608
    9 66,300 2,380 1,666
    10 68,680 2,466 1,726
    11 71,146 2,554 1,788
    12 73,700 2,646 1,852
    13 76,346 2,741 1,919
    14 79,086 2,839 1,987
    15 81,926 2,941 2,059
    16 84,867 3,047 2,133
    17 87,913 3,156 2,209
    18 91,070 3,269 2,289
    19 94,339 3,387 2,371
    20 97,726 3,508 2,456
    TOTAL $51,234 $35,864
  • 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