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 4.35% |
Annual Interest |
Annual Interest (After Tax) |
1 | 50,000 | 2,175 | 1,523 |
2 | 52,175 | 2,270 | 1,589 |
3 | 54,445 | 2,368 | 1,658 |
4 | 56,813 | 2,471 | 1,730 |
5 | 59,284 | 2,579 | 1,805 |
6 | 61,863 | 2,691 | 1,884 |
7 | 64,554 | 2,808 | 1,966 |
8 | 67,362 | 2,930 | 2,051 |
9 | 70,293 | 3,058 | 2,140 |
10 | 73,350 | 3,191 | 2,234 |
11 | 76,541 | 3,330 | 2,331 |
12 | 79,871 | 3,474 | 2,432 |
13 | 83,345 | 3,626 | 2,538 |
14 | 86,970 | 3,783 | 2,648 |
15 | 90,754 | 3,948 | 2,763 |
16 | 94,701 | 4,120 | 2,884 |
17 | 98,821 | 4,299 | 3,009 |
18 | 103,120 | 4,486 | 3,140 |
19 | 107,605 | 4,681 | 3,277 |
20 | 112,286 | 4,884 | 3,419 |
TOTAL | $67,171 | $47,019 |
All calculations are for demonstration purposes only.
ONLINE BANKS | APY? | MIN? | ||
---|---|---|---|---|
|
5.51% |
$25,000 |
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Last change: ↓0.15% on May 13. |
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|
5.34% |
$500 |
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|
5.30% |
$50,000 |
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Last change: ↑0.25% on August 7. |
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|
5.20% |
$500 |
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Last change: ↓0.10% on August 16. |
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|
5.20% |
$2,500 |
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Last change: ↑5.10% on August 12. |