Compare Analysis of Westfield Bank, FSB with 3.93% 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
    Westfield Bank, FSB
    $50,000
    12 Month
    3.93%
    7.18x (National Avg. - 0.55%)
    $2,500
    Bank
    -
     
    SCENARIO
    Year Rate
    3.93%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,965 1,376
    2 51,965 2,042 1,430
    3 54,007 2,122 1,486
    4 56,130 2,206 1,544
    5 58,336 2,293 1,605
    6 60,628 2,383 1,668
    7 63,011 2,476 1,733
    8 65,487 2,574 1,802
    9 68,061 2,675 1,872
    10 70,736 2,780 1,946
    11 73,516 2,889 2,022
    12 76,405 3,003 2,102
    13 79,407 3,121 2,184
    14 82,528 3,243 2,270
    15 85,771 3,371 2,360
    16 89,142 3,503 2,452
    17 92,646 3,641 2,549
    18 96,287 3,784 2,649
    19 100,071 3,933 2,753
    20 104,003 4,087 2,861
    TOTAL $58,091 $40,664
  • 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