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 1.26% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 630 | 441 |
| 2 | 50,630 | 638 | 447 |
| 3 | 51,268 | 646 | 452 |
| 4 | 51,914 | 654 | 458 |
| 5 | 52,568 | 662 | 464 |
| 6 | 53,230 | 671 | 469 |
| 7 | 53,901 | 679 | 475 |
| 8 | 54,580 | 688 | 481 |
| 9 | 55,268 | 696 | 487 |
| 10 | 55,964 | 705 | 494 |
| 11 | 56,669 | 714 | 500 |
| 12 | 57,384 | 723 | 506 |
| 13 | 58,107 | 732 | 512 |
| 14 | 58,839 | 741 | 519 |
| 15 | 59,580 | 751 | 525 |
| 16 | 60,331 | 760 | 532 |
| 17 | 61,091 | 770 | 539 |
| 18 | 61,861 | 779 | 546 |
| 19 | 62,640 | 789 | 552 |
| 20 | 63,429 | 799 | 559 |
| TOTAL | $14,229 | $9,960 |
| Year | Rate 5.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,500 | 1,750 |
| 2 | 52,500 | 2,625 | 1,838 |
| 3 | 55,125 | 2,756 | 1,929 |
| 4 | 57,881 | 2,894 | 2,026 |
| 5 | 60,775 | 3,039 | 2,127 |
| 6 | 63,814 | 3,191 | 2,233 |
| 7 | 67,005 | 3,350 | 2,345 |
| 8 | 70,355 | 3,518 | 2,462 |
| 9 | 73,873 | 3,694 | 2,586 |
| 10 | 77,566 | 3,878 | 2,715 |
| 11 | 81,445 | 4,072 | 2,851 |
| 12 | 85,517 | 4,276 | 2,993 |
| 13 | 89,793 | 4,490 | 3,143 |
| 14 | 94,282 | 4,714 | 3,300 |
| 15 | 98,997 | 4,950 | 3,465 |
| 16 | 103,946 | 5,197 | 3,638 |
| 17 | 109,144 | 5,457 | 3,820 |
| 18 | 114,601 | 5,730 | 4,011 |
| 19 | 120,331 | 6,017 | 4,212 |
| 20 | 126,348 | 6,317 | 4,422 |
| TOTAL | $82,665 | $57,865 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.55% |
$50,000 |
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Last change: ↓0.10% on February 9. |
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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% |
$50,000 |
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Last change: ↑0.20% on April 9. |
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