Compare Analysis of Valley Direct, a division of Valley National Bank with 5.60% 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
    ONLINE CD
    Valley Direct, a division of Valley National Bank
    $50,000
    36 Month
    5.60%
    7.43x (National Avg. - 0.75%)
    $500
    Online Bank
    -
     
    SCENARIO
    Year Rate
    5.60%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,800 1,960
    2 52,800 2,957 2,070
    3 55,757 3,122 2,186
    4 58,879 3,297 2,308
    5 62,176 3,482 2,437
    6 65,658 3,677 2,574
    7 69,335 3,883 2,718
    8 73,218 4,100 2,870
    9 77,318 4,330 3,031
    10 81,648 4,572 3,201
    11 86,220 4,828 3,380
    12 91,049 5,099 3,569
    13 96,147 5,384 3,769
    14 101,532 5,686 3,980
    15 107,217 6,004 4,203
    16 113,221 6,340 4,438
    17 119,562 6,695 4,687
    18 126,257 7,070 4,949
    19 133,328 7,466 5,226
    20 140,794 7,884 5,519
    TOTAL $98,679 $69,075
  • 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