Compare Analysis of State Bank with 3.27% 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 CD
    State Bank
    $50,000
    60 Month
    3.27%
    3.55x (National Avg. - 0.92%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.27%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,635 1,145
    2 51,635 1,688 1,182
    3 53,323 1,744 1,221
    4 55,067 1,801 1,260
    5 56,868 1,860 1,302
    6 58,727 1,920 1,344
    7 60,648 1,983 1,388
    8 62,631 2,048 1,434
    9 64,679 2,115 1,481
    10 66,794 2,184 1,529
    11 68,978 2,256 1,579
    12 71,234 2,329 1,631
    13 73,563 2,406 1,684
    14 75,969 2,484 1,739
    15 78,453 2,565 1,796
    16 81,018 2,649 1,855
    17 83,668 2,736 1,915
    18 86,403 2,825 1,978
    19 89,229 2,918 2,042
    20 92,147 3,013 2,109
    TOTAL $45,160 $31,612
  • 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