Compare Analysis of The Callaway Bank with 0.64% 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
    The Callaway Bank
    $50,000
    12 Month
    0.64%
    1.17x (National Avg. - 0.55%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.64%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 321 225
    2 50,321 323 226
    3 50,644 325 228
    4 50,969 327 229
    5 51,296 329 231
    6 51,626 331 232
    7 51,957 334 233
    8 52,291 336 235
    9 52,626 338 237
    10 52,964 340 238
    11 53,304 342 240
    12 53,647 344 241
    13 53,991 347 243
    14 54,338 349 244
    15 54,686 351 246
    16 55,038 353 247
    17 55,391 356 249
    18 55,746 358 251
    19 56,104 360 252
    20 56,465 363 254
    TOTAL $6,827 $4,779
  • 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