Compare Analysis of The Citizens National Bank of Lebanon with 0.18% 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."
- 1LOCAL MONEY MARKET$50,000N.A.0.18%0.37x (National Avg. - 0.47%)$2,500Bank-SCENARIO
Year Rate
0.18%Annual
InterestAnnual Interest
(After Tax)1 50,000 88 61 2 50,088 88 61 3 50,175 88 61 4 50,263 88 62 5 50,351 88 62 6 50,439 88 62 7 50,527 88 62 8 50,616 89 62 9 50,704 89 62 10 50,793 89 62 11 50,882 89 62 12 50,971 89 62 13 51,060 89 63 14 51,150 90 63 15 51,239 90 63 16 51,329 90 63 17 51,419 90 63 18 51,509 90 63 19 51,599 90 63 20 51,689 90 63 TOTAL $1,779 $1,246 - 2ONLINE SAVINGS$50,000N.A.3.75%7.93x (National Avg. - 0.47%)$1,000Bank-SCENARIO
Year Rate
3.75%Annual
InterestAnnual 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