Compare Analysis of Texas Bank with 2.83% 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
    Texas Bank
    $50,000
    30 Month
    2.83%
    N.A.
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    2.83%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,415 991
    2 51,415 1,455 1,019
    3 52,870 1,496 1,047
    4 54,366 1,539 1,077
    5 55,905 1,582 1,107
    6 57,487 1,627 1,139
    7 59,114 1,673 1,171
    8 60,787 1,720 1,204
    9 62,507 1,769 1,238
    10 64,276 1,819 1,273
    11 66,095 1,870 1,309
    12 67,965 1,923 1,346
    13 69,889 1,978 1,384
    14 71,867 2,034 1,424
    15 73,901 2,091 1,464
    16 75,992 2,151 1,505
    17 78,143 2,211 1,548
    18 80,354 2,274 1,592
    19 82,628 2,338 1,637
    20 84,966 2,405 1,683
    TOTAL $37,371 $26,160
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.67x (National Avg. - 0.23%)
    $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