Compare Analysis of Texas Bank with 2.88% 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
    6 Month
    2.88%
    7.13x (National Avg. - 0.40%)
    $500
    Bank
    -
     
    SCENARIO
    Year Rate
    2.88%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,440 1,008
    2 51,440 1,481 1,037
    3 52,921 1,524 1,067
    4 54,446 1,568 1,098
    5 56,014 1,613 1,129
    6 57,627 1,660 1,162
    7 59,286 1,707 1,195
    8 60,994 1,757 1,230
    9 62,751 1,807 1,265
    10 64,558 1,859 1,301
    11 66,417 1,913 1,339
    12 68,330 1,968 1,378
    13 70,298 2,025 1,417
    14 72,322 2,083 1,458
    15 74,405 2,143 1,500
    16 76,548 2,205 1,543
    17 78,753 2,268 1,588
    18 81,021 2,333 1,633
    19 83,354 2,401 1,680
    20 85,755 2,470 1,729
    TOTAL $38,224 $26,757
  • 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