Compare Analysis of Virtualbank, a division of First Horizon Bank with 3.77% 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
    ONLINE CD
    Virtualbank, a division of First Horizon Bank
    $50,000
    24 Month
    3.77%
    5.71x (National Avg. - 0.66%)
    $10,000
    Online Bank
    -
     
    SCENARIO
    Year Rate
    3.77%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,885 1,320
    2 51,885 1,956 1,369
    3 53,841 2,030 1,421
    4 55,871 2,106 1,474
    5 57,977 2,186 1,530
    6 60,163 2,268 1,588
    7 62,431 2,354 1,648
    8 64,785 2,442 1,710
    9 67,227 2,534 1,774
    10 69,762 2,630 1,841
    11 72,392 2,729 1,910
    12 75,121 2,832 1,982
    13 77,953 2,939 2,057
    14 80,892 3,050 2,135
    15 83,941 3,165 2,215
    16 87,106 3,284 2,299
    17 90,390 3,408 2,385
    18 93,797 3,536 2,475
    19 97,334 3,669 2,569
    20 101,003 3,808 2,665
    TOTAL $54,811 $38,368
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    7.13x (National Avg. - 0.56%)
    $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