Compare Analysis of United States Senate with 3.67% 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
    United States Senate
    $50,000
    12 Month
    3.67%
    6.71x (National Avg. - 0.55%)
    $200,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    3.67%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,835 1,285
    2 51,835 1,902 1,332
    3 53,737 1,972 1,381
    4 55,710 2,045 1,431
    5 57,754 2,120 1,484
    6 59,874 2,197 1,538
    7 62,071 2,278 1,595
    8 64,349 2,362 1,653
    9 66,711 2,448 1,714
    10 69,159 2,538 1,777
    11 71,697 2,631 1,842
    12 74,328 2,728 1,909
    13 77,056 2,828 1,980
    14 79,884 2,932 2,052
    15 82,816 3,039 2,128
    16 85,855 3,151 2,206
    17 89,006 3,267 2,287
    18 92,273 3,386 2,370
    19 95,659 3,511 2,457
    20 99,170 3,640 2,548
    TOTAL $52,809 $36,966
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    3.75%
    16.59x (National Avg. - 0.23%)
    $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