Compare Analysis of Westex with 0.68% 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
    6 Month
    0.68%
    1.69x (National Avg. - 0.40%)
    $10,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    0.68%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 341 239
    2 50,341 343 240
    3 50,684 346 242
    4 51,030 348 244
    5 51,378 350 245
    6 51,728 353 247
    7 52,081 355 249
    8 52,436 358 250
    9 52,794 360 252
    10 53,154 363 254
    11 53,517 365 255
    12 53,882 367 257
    13 54,249 370 259
    14 54,619 373 261
    15 54,992 375 263
    16 55,367 378 264
    17 55,744 380 266
    18 56,124 383 268
    19 56,507 385 270
    20 56,892 388 272
    TOTAL $7,280 $5,096
  • 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