Compare Analysis of University Of Wisconsin with 2.86% 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.
    2.86%
    12.65x (National Avg. - 0.23%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.86%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,430 1,001
    2 51,430 1,471 1,030
    3 52,901 1,513 1,059
    4 54,414 1,556 1,089
    5 55,970 1,601 1,121
    6 57,571 1,647 1,153
    7 59,217 1,694 1,186
    8 60,911 1,742 1,219
    9 62,653 1,792 1,254
    10 64,445 1,843 1,290
    11 66,288 1,896 1,327
    12 68,184 1,950 1,365
    13 70,134 2,006 1,404
    14 72,140 2,063 1,444
    15 74,203 2,122 1,486
    16 76,325 2,183 1,528
    17 78,508 2,245 1,572
    18 80,753 2,310 1,617
    19 83,063 2,376 1,663
    20 85,439 2,444 1,710
    TOTAL $37,882 $26,517
  • 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