Compare Analysis of The Fairfield National Bank with 2.67% 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
    The Fairfield National Bank
    $50,000
    24 Month
    2.67%
    4.05x (National Avg. - 0.66%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.67%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,335 935
    2 51,335 1,371 959
    3 52,706 1,407 985
    4 54,113 1,445 1,011
    5 55,558 1,483 1,038
    6 57,041 1,523 1,066
    7 58,564 1,564 1,095
    8 60,128 1,605 1,124
    9 61,733 1,648 1,154
    10 63,381 1,692 1,185
    11 65,074 1,737 1,216
    12 66,811 1,784 1,249
    13 68,595 1,831 1,282
    14 70,427 1,880 1,316
    15 72,307 1,931 1,351
    16 74,238 1,982 1,387
    17 76,220 2,035 1,425
    18 78,255 2,089 1,463
    19 80,344 2,145 1,502
    20 82,489 2,202 1,542
    TOTAL $34,692 $24,284
  • 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