$titleTerm = "Special " Compare Analysis of State Savings Bank with 5.36% APY and First Foundation Bank with 3.75% APY.


Compare Analysis of State Savings Bank with 5.36% 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 Savings Bank
    $50,000
    22 Month
    5.36%
    N.A.
    $2,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.36%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,680 1,876
    2 52,680 2,824 1,977
    3 55,504 2,975 2,082
    4 58,479 3,134 2,194
    5 61,613 3,302 2,312
    6 64,916 3,479 2,436
    7 68,395 3,666 2,566
    8 72,061 3,862 2,704
    9 75,923 4,069 2,849
    10 79,993 4,288 3,001
    11 84,281 4,517 3,162
    12 88,798 4,760 3,332
    13 93,558 5,015 3,510
    14 98,572 5,283 3,698
    15 103,856 5,567 3,897
    16 109,422 5,865 4,106
    17 115,287 6,179 4,326
    18 121,467 6,511 4,557
    19 127,978 6,860 4,802
    20 134,837 7,227 5,059
    TOTAL $92,064 $64,445
  • 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