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.
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| Year | Rate 5.19% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,595 | 1,817 |
| 2 | 52,595 | 2,730 | 1,911 |
| 3 | 55,325 | 2,871 | 2,010 |
| 4 | 58,196 | 3,020 | 2,114 |
| 5 | 61,216 | 3,177 | 2,224 |
| 6 | 64,394 | 3,342 | 2,339 |
| 7 | 67,736 | 3,515 | 2,461 |
| 8 | 71,251 | 3,698 | 2,589 |
| 9 | 74,949 | 3,890 | 2,723 |
| 10 | 78,839 | 4,092 | 2,864 |
| 11 | 82,931 | 4,304 | 3,013 |
| 12 | 87,235 | 4,527 | 3,169 |
| 13 | 91,762 | 4,762 | 3,334 |
| 14 | 96,525 | 5,010 | 3,507 |
| 15 | 101,534 | 5,270 | 3,689 |
| 16 | 106,804 | 5,543 | 3,880 |
| 17 | 112,347 | 5,831 | 4,082 |
| 18 | 118,178 | 6,133 | 4,293 |
| 19 | 124,311 | 6,452 | 4,516 |
| 20 | 130,763 | 6,787 | 4,751 |
| TOTAL | $87,550 | $61,285 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.91% |
$25,000 |
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Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
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Last change: ↓0.15% on September 6. |
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|
|
4.80% |
$50,000 |
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Last change: ↓0.09% on December 7. |
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|
|
4.80% |
$50,000 |
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Last change: ↑0.20% on October 28. |
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|
|
4.75% |
$50,000 |
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Last change: ↑0.25% on November 25. |
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