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 5.29% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,645 | 1,852 |
| 2 | 52,645 | 2,785 | 1,949 |
| 3 | 55,430 | 2,932 | 2,053 |
| 4 | 58,362 | 3,087 | 2,161 |
| 5 | 61,450 | 3,251 | 2,275 |
| 6 | 64,700 | 3,423 | 2,396 |
| 7 | 68,123 | 3,604 | 2,523 |
| 8 | 71,727 | 3,794 | 2,656 |
| 9 | 75,521 | 3,995 | 2,797 |
| 10 | 79,516 | 4,206 | 2,944 |
| 11 | 83,722 | 4,429 | 3,100 |
| 12 | 88,151 | 4,663 | 3,264 |
| 13 | 92,814 | 4,910 | 3,437 |
| 14 | 97,724 | 5,170 | 3,619 |
| 15 | 102,894 | 5,443 | 3,810 |
| 16 | 108,337 | 5,731 | 4,012 |
| 17 | 114,068 | 6,034 | 4,224 |
| 18 | 120,102 | 6,353 | 4,447 |
| 19 | 126,456 | 6,690 | 4,683 |
| 20 | 133,145 | 7,043 | 4,930 |
| TOTAL | $90,189 | $63,132 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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|
5.00% |
$50,000 |
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Last change: ↑0.25% on October 28. |
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5.00% |
$500 |
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Last change: ↑3.00% on August 7. |
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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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4.90% |
$500 |
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Last change: ↓0.05% on September 27. |
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