Compare Analysis of University Of Wisconsin with 1.94% 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 MONEY MARKET
    University Of Wisconsin
    $50,000
    N.A.
    1.94%
    4.10x (National Avg. - 0.47%)
    $25,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.94%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 970 679
    2 50,970 989 692
    3 51,959 1,008 706
    4 52,967 1,028 719
    5 53,994 1,047 733
    6 55,042 1,068 747
    7 56,110 1,089 762
    8 57,198 1,110 777
    9 58,308 1,131 792
    10 59,439 1,153 807
    11 60,592 1,175 823
    12 61,768 1,198 839
    13 62,966 1,222 855
    14 64,187 1,245 872
    15 65,433 1,269 889
    16 66,702 1,294 906
    17 67,996 1,319 923
    18 69,315 1,345 941
    19 70,660 1,371 960
    20 72,031 1,397 978
    TOTAL $23,428 $16,400
  • 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