$titleTerm = "Special " Compare Analysis of We Florida Financial with 5.26% APY and First Foundation Bank with 4.00% APY.


Compare Analysis of We Florida Financial with 5.26% 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
    LOCAL CD
    We Florida Financial
    $50,000
    7 Month
    5.26%
    N.A.
    $50,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    5.26%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,630 1,841
    2 52,630 2,768 1,938
    3 55,398 2,914 2,040
    4 58,312 3,067 2,147
    5 61,380 3,229 2,260
    6 64,608 3,398 2,379
    7 68,006 3,577 2,504
    8 71,584 3,765 2,636
    9 75,349 3,963 2,774
    10 79,312 4,172 2,920
    11 83,484 4,391 3,074
    12 87,875 4,622 3,236
    13 92,498 4,865 3,406
    14 97,363 5,121 3,585
    15 102,484 5,391 3,773
    16 107,875 5,674 3,972
    17 113,549 5,973 4,181
    18 119,522 6,287 4,401
    19 125,809 6,618 4,632
    20 132,426 6,966 4,876
    TOTAL $89,392 $62,574
  • 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