Compare Analysis of Wyoming Community Bank with 3.12% 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
    Wyoming Community Bank
    $50,000
    6 Month
    3.12%
    7.72x (National Avg. - 0.40%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.12%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,560 1,092
    2 51,560 1,609 1,126
    3 53,169 1,659 1,161
    4 54,828 1,711 1,197
    5 56,538 1,764 1,235
    6 58,302 1,819 1,273
    7 60,121 1,876 1,313
    8 61,997 1,934 1,354
    9 63,931 1,995 1,396
    10 65,926 2,057 1,440
    11 67,983 2,121 1,485
    12 70,104 2,187 1,531
    13 72,291 2,255 1,579
    14 74,547 2,326 1,628
    15 76,872 2,398 1,679
    16 79,271 2,473 1,731
    17 81,744 2,550 1,785
    18 84,295 2,630 1,841
    19 86,925 2,712 1,898
    20 89,637 2,797 1,958
    TOTAL $42,433 $29,703
  • 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