Compare Analysis of Washington State Employees with 2.64% 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 CD
    Washington State Employees
    $50,000
    36 Month
    2.64%
    3.50x (National Avg. - 0.75%)
    $250
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.64%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,320 924
    2 51,320 1,355 948
    3 52,675 1,391 973
    4 54,065 1,427 999
    5 55,493 1,465 1,026
    6 56,958 1,504 1,053
    7 58,461 1,543 1,080
    8 60,005 1,584 1,109
    9 61,589 1,626 1,138
    10 63,215 1,669 1,168
    11 64,884 1,713 1,199
    12 66,597 1,758 1,231
    13 68,355 1,805 1,263
    14 70,159 1,852 1,297
    15 72,012 1,901 1,331
    16 73,913 1,951 1,366
    17 75,864 2,003 1,402
    18 77,867 2,056 1,439
    19 79,923 2,110 1,477
    20 82,033 2,166 1,516
    TOTAL $34,198 $23,939
  • 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