Compound Interest Calculator
Savings Account from First Foundation Bank with 4.90% APY

Use or Change These Amounts and Rates

The product Savings Account from First Foundation Bank with 4.90% APY and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $32,269. The interest earned would be $12,269 and the tax amount on the interest earned would be approximately $3,681.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account

The Results for First Foundation Bank

Savings Boost of
$8,284 over 10 years
Cash Savings $20,000
Average Interest Earned $304

First Foundation Bank Interest Earned $8,588



See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Annual Interest
(After Tax)
1 20,000 43 30
2 20,043 43 30
3 20,086 43 30
4 20,129 43 30
5 20,173 43 30
6 20,216 43 30
7 20,259 44 30
8 20,303 44 31
9 20,347 44 31
10 20,390 44 31
TOTAL: $434 $304

First Foundation Bank Scenario

Annual Interest
(After Tax)
1 20,000 980 686
2 20,980 1,028 720
3 22,008 1,078 755
4 23,086 1,131 792
5 24,218 1,187 831
6 25,404 1,245 871
7 26,649 1,306 914
8 27,955 1,370 959
9 29,325 1,437 1,006
10 30,762 1,507 1,055
TOTAL: $12,269 $8,588

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.

Recent Rate Changes

Date APY
February 1, 2024 4.90%
November 17, 2023 5.00%
November 17, 2023 5.25%

Featured CD Rates


6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%.

Last change: ↑0.46% on December 15, 2023.
3 Month CD.

Last change: ↑0.60% on April 19.
Warning: Early Withdrawal Penalty is 12 Months interest.

Last change: ↑0.20% on September 8, 2023.
6 Month CD.

Last change: ↓0.05% on March 15.
3 Month CD.

Customer Reviews for First Foundation Bank

  • November 18, 2023 |

    Savings Rates

    bank delayed 1-2days to credit into your account, pay less interest.

  • September 26, 2023

    Update 9-26-23

    I have now used them for several days, and it gets better and better and better. They have every single thing I ever wished for in a bank and then some: Savings with fantastic rates, checking with a perfect bill paying app, easy app for depositing checks, various methods of verification so if for some reason you cannot receive texts or calls you can still get in safely but without spending hours. On top of which, when I called customer service on three different occasions I got someone almost immediately and they extremely pleasantly and efficiently answered my questions.

    I think I died and went to heaven. WOW!!!

    Original review:
    I am ditching Capital One 360 for making my life a living hell over the last month when I tried two very simple tweaks to my account.

    Searching for banks online, I found I could get a much better return than theirs as well. First Foundation Bank had all the functionalities I wanted, a savings account with a terrific interest rate, a checking account with bill paying, and the ability to operate without a mobile, if so desired.

    So I decided that it would be worth the lengthy application and approval process described in some reviews. Imagine my surprise when I opened two accounts plus added a joint holder and my church as a beneficiary (the two things I tried to accomplish with Capital One to the point of going insane) in exactly three minutes! WOW!!!!

    What a joy!

  • October 17, 2022 |

    Online Savings Rates

    I opened the account without reading the reviews and I am glad I did. No troubles and they just raised their rate so it is on top of this list!

  • July 15, 2022 |

    Online Savings Rates

    I received an email today that the transfer limits are now $100k per transfer, that transfers will take 3 days, and that the limit resets as soon as it settles after 3 days, and that thereafter it is $250k per month. Perhaps this will alleviate the stress that I and others on this board have had with First Foundation. Prior policy and interactions about ridiculously low limits were exasperating and I can still only give it 2 stars based on CSR to date.

  • May 26, 2022 |

    Online Savings Rates

    A good online experience, but external transfer limits are troubling. Pay attention to these and I certainly couldn't get them waived. At $10k a month, it will take me 25 months + plus to wind down an account at $250K.

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