Compare Analysis of The Fairfield National Bank with 2.82% 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 Fairfield National Bank
    $50,000
    36 Month
    2.82%
    3.74x (National Avg. - 0.75%)
    $10,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.82%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,410 987
    2 51,410 1,450 1,015
    3 52,860 1,491 1,043
    4 54,350 1,533 1,073
    5 55,883 1,576 1,103
    6 57,459 1,620 1,134
    7 59,079 1,666 1,166
    8 60,745 1,713 1,199
    9 62,458 1,761 1,233
    10 64,220 1,811 1,268
    11 66,031 1,862 1,303
    12 67,893 1,915 1,340
    13 69,807 1,969 1,378
    14 71,776 2,024 1,417
    15 73,800 2,081 1,457
    16 75,881 2,140 1,498
    17 78,021 2,200 1,540
    18 80,221 2,262 1,584
    19 82,483 2,326 1,628
    20 84,809 2,392 1,674
    TOTAL $37,201 $26,041
  • 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