Compare Analysis of Tinker with 3.31% 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
    Tinker
    $50,000
    6 Month
    3.31%
    8.17x (National Avg. - 0.41%)
    $99,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.31%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,655 1,159
    2 51,655 1,710 1,197
    3 53,365 1,766 1,236
    4 55,131 1,825 1,277
    5 56,956 1,885 1,320
    6 58,841 1,948 1,363
    7 60,789 2,012 1,408
    8 62,801 2,079 1,455
    9 64,880 2,148 1,503
    10 67,027 2,219 1,553
    11 69,246 2,292 1,604
    12 71,538 2,368 1,658
    13 73,906 2,446 1,712
    14 76,352 2,527 1,769
    15 78,879 2,611 1,828
    16 81,490 2,697 1,888
    17 84,188 2,787 1,951
    18 86,974 2,879 2,015
    19 89,853 2,974 2,082
    20 92,827 3,073 2,151
    TOTAL $45,900 $32,130
  • 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