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 2.07% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,035 | 725 |
| 2 | 51,035 | 1,056 | 739 |
| 3 | 52,091 | 1,078 | 755 |
| 4 | 53,170 | 1,101 | 770 |
| 5 | 54,270 | 1,123 | 786 |
| 6 | 55,394 | 1,147 | 803 |
| 7 | 56,540 | 1,170 | 819 |
| 8 | 57,711 | 1,195 | 836 |
| 9 | 58,905 | 1,219 | 854 |
| 10 | 60,125 | 1,245 | 871 |
| 11 | 61,369 | 1,270 | 889 |
| 12 | 62,640 | 1,297 | 908 |
| 13 | 63,936 | 1,323 | 926 |
| 14 | 65,260 | 1,351 | 946 |
| 15 | 66,611 | 1,379 | 965 |
| 16 | 67,989 | 1,407 | 985 |
| 17 | 69,397 | 1,437 | 1,006 |
| 18 | 70,833 | 1,466 | 1,026 |
| 19 | 72,300 | 1,497 | 1,048 |
| 20 | 73,796 | 1,528 | 1,069 |
| TOTAL | $25,324 | $17,727 |
| Year | Rate 2.25% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,125 | 788 |
| 2 | 51,125 | 1,150 | 805 |
| 3 | 52,275 | 1,176 | 823 |
| 4 | 53,452 | 1,203 | 842 |
| 5 | 54,654 | 1,230 | 861 |
| 6 | 55,884 | 1,257 | 880 |
| 7 | 57,141 | 1,286 | 900 |
| 8 | 58,427 | 1,315 | 920 |
| 9 | 59,742 | 1,344 | 941 |
| 10 | 61,086 | 1,374 | 962 |
| 11 | 62,460 | 1,405 | 984 |
| 12 | 63,866 | 1,437 | 1,006 |
| 13 | 65,302 | 1,469 | 1,029 |
| 14 | 66,772 | 1,502 | 1,052 |
| 15 | 68,274 | 1,536 | 1,075 |
| 16 | 69,810 | 1,571 | 1,100 |
| 17 | 71,381 | 1,606 | 1,124 |
| 18 | 72,987 | 1,642 | 1,150 |
| 19 | 74,629 | 1,679 | 1,175 |
| 20 | 76,309 | 1,717 | 1,202 |
| TOTAL | $28,025 | $19,618 |
| Year | Rate 4.20% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,100 | 1,470 |
| 2 | 52,100 | 2,188 | 1,532 |
| 3 | 54,288 | 2,280 | 1,596 |
| 4 | 56,568 | 2,376 | 1,663 |
| 5 | 58,944 | 2,476 | 1,733 |
| 6 | 61,420 | 2,580 | 1,806 |
| 7 | 63,999 | 2,688 | 1,882 |
| 8 | 66,687 | 2,801 | 1,961 |
| 9 | 69,488 | 2,919 | 2,043 |
| 10 | 72,407 | 3,041 | 2,129 |
| 11 | 75,448 | 3,169 | 2,218 |
| 12 | 78,617 | 3,302 | 2,311 |
| 13 | 81,919 | 3,441 | 2,408 |
| 14 | 85,359 | 3,585 | 2,510 |
| 15 | 88,944 | 3,736 | 2,615 |
| 16 | 92,680 | 3,893 | 2,725 |
| 17 | 96,573 | 4,056 | 2,839 |
| 18 | 100,629 | 4,226 | 2,958 |
| 19 | 104,855 | 4,404 | 3,083 |
| 20 | 109,259 | 4,589 | 3,212 |
| TOTAL | $63,848 | $44,693 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
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4.55% |
$5,000 |
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Last change: ↑0.15% on March 22. |
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4.55% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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4.50% |
$500 |
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Last change: ↑0.20% on January 18. |
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4.50% |
$1,500 |
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Last change: ↓0.15% on January 25. |
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4.50% |
$500 |
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Last change: ↓0.50% on February 25. |
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