Compare Analysis of Texas People with 3.48% 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
    Texas People
    $50,000
    48 Month
    3.48%
    4.25x (National Avg. - 0.82%)
    $1,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.48%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,740 1,218
    2 51,740 1,801 1,260
    3 53,541 1,863 1,304
    4 55,404 1,928 1,350
    5 57,332 1,995 1,397
    6 59,327 2,065 1,445
    7 61,392 2,136 1,495
    8 63,528 2,211 1,548
    9 65,739 2,288 1,601
    10 68,026 2,367 1,657
    11 70,394 2,450 1,715
    12 72,843 2,535 1,774
    13 75,378 2,623 1,836
    14 78,002 2,714 1,900
    15 80,716 2,809 1,966
    16 83,525 2,907 2,035
    17 86,432 3,008 2,105
    18 89,439 3,112 2,179
    19 92,552 3,221 2,255
    20 95,773 3,333 2,333
    TOTAL $49,106 $34,374
  • 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