Compare Analysis of Washington Trust Bank with 4.76% 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 Trust Bank
    $50,000
    6 Month
    4.76%
    11.75x (National Avg. - 0.41%)
    $100,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.76%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,380 1,666
    2 52,380 2,493 1,745
    3 54,873 2,612 1,828
    4 57,485 2,736 1,915
    5 60,222 2,867 2,007
    6 63,088 3,003 2,102
    7 66,091 3,146 2,202
    8 69,237 3,296 2,307
    9 72,533 3,453 2,417
    10 75,985 3,617 2,532
    11 79,602 3,789 2,652
    12 83,391 3,969 2,779
    13 87,361 4,158 2,911
    14 91,519 4,356 3,049
    15 95,875 4,564 3,195
    16 100,439 4,781 3,347
    17 105,220 5,008 3,506
    18 110,228 5,247 3,673
    19 115,475 5,497 3,848
    20 120,972 5,758 4,031
    TOTAL $76,730 $53,711
  • 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