Compare Analysis of Westex with 1.09% 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
    Westex
    $50,000
    24 Month
    1.09%
    1.65x (National Avg. - 0.66%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    1.09%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 543 380
    2 50,543 548 384
    3 51,091 554 388
    4 51,645 560 392
    5 52,206 566 397
    6 52,772 573 401
    7 53,345 579 405
    8 53,923 585 410
    9 54,508 591 414
    10 55,100 598 418
    11 55,698 604 423
    12 56,302 611 428
    13 56,913 618 432
    14 57,530 624 437
    15 58,155 631 442
    16 58,786 638 446
    17 59,423 645 451
    18 60,068 652 456
    19 60,720 659 461
    20 61,379 666 466
    TOTAL $12,045 $8,431
  • 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