Compare Analysis of Touchmark National Bank with 3.64% 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
    Touchmark National Bank
    $50,000
    3 Month
    3.64%
    1.62x (National Avg. - 2.25%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.64%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,820 1,274
    2 51,820 1,886 1,320
    3 53,706 1,955 1,368
    4 55,661 2,026 1,418
    5 57,687 2,100 1,470
    6 59,787 2,176 1,523
    7 61,963 2,255 1,579
    8 64,219 2,338 1,636
    9 66,556 2,423 1,696
    10 68,979 2,511 1,758
    11 71,490 2,602 1,822
    12 74,092 2,697 1,888
    13 76,789 2,795 1,957
    14 79,584 2,897 2,028
    15 82,481 3,002 2,102
    16 85,483 3,112 2,178
    17 88,595 3,225 2,257
    18 91,820 3,342 2,340
    19 95,162 3,464 2,425
    20 98,626 3,590 2,513
    TOTAL $52,216 $36,551
  • 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