Compare Analysis of University Of Wisconsin with 2.96% 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 PREMIUM MONEY MARKET
    University Of Wisconsin
    $50,000
    N.A.
    2.96%
    13.10x (National Avg. - 0.23%)
    $50,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.96%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,480 1,036
    2 51,480 1,524 1,067
    3 53,004 1,569 1,098
    4 54,573 1,615 1,131
    5 56,188 1,663 1,164
    6 57,851 1,712 1,199
    7 59,564 1,763 1,234
    8 61,327 1,815 1,271
    9 63,142 1,869 1,308
    10 65,011 1,924 1,347
    11 66,935 1,981 1,387
    12 68,917 2,040 1,428
    13 70,957 2,100 1,470
    14 73,057 2,162 1,514
    15 75,219 2,226 1,559
    16 77,446 2,292 1,605
    17 79,738 2,360 1,652
    18 82,098 2,430 1,701
    19 84,529 2,502 1,751
    20 87,031 2,576 1,803
    TOTAL $39,607 $27,725
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $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