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 3.43% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,715 | 1,201 |
| 2 | 51,715 | 1,774 | 1,242 |
| 3 | 53,489 | 1,835 | 1,284 |
| 4 | 55,323 | 1,898 | 1,328 |
| 5 | 57,221 | 1,963 | 1,374 |
| 6 | 59,184 | 2,030 | 1,421 |
| 7 | 61,214 | 2,100 | 1,470 |
| 8 | 63,313 | 2,172 | 1,520 |
| 9 | 65,485 | 2,246 | 1,572 |
| 10 | 67,731 | 2,323 | 1,626 |
| 11 | 70,054 | 2,403 | 1,682 |
| 12 | 72,457 | 2,485 | 1,740 |
| 13 | 74,943 | 2,571 | 1,799 |
| 14 | 77,513 | 2,659 | 1,861 |
| 15 | 80,172 | 2,750 | 1,925 |
| 16 | 82,922 | 2,844 | 1,991 |
| 17 | 85,766 | 2,942 | 2,059 |
| 18 | 88,708 | 3,043 | 2,130 |
| 19 | 91,750 | 3,147 | 2,203 |
| 20 | 94,897 | 3,255 | 2,278 |
| TOTAL | $48,152 | $33,707 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
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Last change: ↑0.25% on October 28. |
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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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4.90% |
$1,000 |
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Last change: ↓0.10% on October 1. |
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