Compare Analysis of Hibernia Bank with 2.74% 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
    Hibernia Bank
    $50,000
    24 Month
    2.74%
    4.16x (National Avg. - 0.66%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    2.74%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,370 959
    2 51,370 1,408 985
    3 52,778 1,446 1,012
    4 54,224 1,486 1,040
    5 55,709 1,526 1,069
    6 57,236 1,568 1,098
    7 58,804 1,611 1,128
    8 60,415 1,655 1,159
    9 62,071 1,701 1,191
    10 63,771 1,747 1,223
    11 65,519 1,795 1,257
    12 67,314 1,844 1,291
    13 69,158 1,895 1,326
    14 71,053 1,947 1,363
    15 73,000 2,000 1,400
    16 75,000 2,055 1,439
    17 77,055 2,111 1,478
    18 79,167 2,169 1,518
    19 81,336 2,229 1,560
    20 83,564 2,290 1,603
    TOTAL $35,854 $25,098
  • 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