Compare Analysis of The Farmers Bank with 0.61% 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 Farmers Bank
    $50,000
    6 Month
    0.61%
    1.52x (National Avg. - 0.40%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    0.61%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 306 214
    2 50,306 307 215
    3 50,613 309 216
    4 50,922 311 218
    5 51,233 313 219
    6 51,546 315 220
    7 51,861 317 222
    8 52,178 319 223
    9 52,497 321 225
    10 52,818 323 226
    11 53,140 325 227
    12 53,465 327 229
    13 53,792 329 230
    14 54,120 331 231
    15 54,451 333 233
    16 54,784 335 234
    17 55,119 337 236
    18 55,455 339 237
    19 55,794 341 239
    20 56,135 343 240
    TOTAL $6,478 $4,535
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.74x (National Avg. - 0.22%)
    $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