Compare Analysis of Wyochem with 2.02% 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
    Wyochem
    $50,000
    24 Month
    2.02%
    3.06x (National Avg. - 0.66%)
    $100,000
    Credit Union
    -
     
    SCENARIO
    Year Rate
    2.02%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,009 706
    2 51,009 1,029 721
    3 52,038 1,050 735
    4 53,088 1,071 750
    5 54,160 1,093 765
    6 55,253 1,115 781
    7 56,368 1,138 796
    8 57,505 1,160 812
    9 58,666 1,184 829
    10 59,850 1,208 845
    11 61,057 1,232 862
    12 62,290 1,257 880
    13 63,547 1,282 898
    14 64,829 1,308 916
    15 66,137 1,335 934
    16 67,472 1,362 953
    17 68,833 1,389 972
    18 70,222 1,417 992
    19 71,639 1,446 1,012
    20 73,085 1,475 1,032
    TOTAL $24,560 $17,192
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $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