Compare Analysis of University with 0.86% 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
    $50,000
    N.A.
    0.86%
    1.82x (National Avg. - 0.47%)
    $500,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.86%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 431 302
    2 50,431 435 304
    3 50,866 438 307
    4 51,304 442 310
    5 51,746 446 312
    6 52,192 450 315
    7 52,642 454 318
    8 53,096 458 320
    9 53,554 462 323
    10 54,015 466 326
    11 54,481 470 329
    12 54,951 474 332
    13 55,424 478 334
    14 55,902 482 337
    15 56,384 486 340
    16 56,870 490 343
    17 57,360 494 346
    18 57,855 499 349
    19 58,353 503 352
    20 58,856 507 355
    TOTAL $9,364 $6,555
  • 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