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 0.68% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 340 | 238 |
| 2 | 50,340 | 342 | 240 |
| 3 | 50,682 | 345 | 241 |
| 4 | 51,027 | 347 | 243 |
| 5 | 51,374 | 349 | 245 |
| 6 | 51,723 | 352 | 246 |
| 7 | 52,075 | 354 | 248 |
| 8 | 52,429 | 357 | 250 |
| 9 | 52,786 | 359 | 251 |
| 10 | 53,145 | 361 | 253 |
| 11 | 53,506 | 364 | 255 |
| 12 | 53,870 | 366 | 256 |
| 13 | 54,236 | 369 | 258 |
| 14 | 54,605 | 371 | 260 |
| 15 | 54,976 | 374 | 262 |
| 16 | 55,350 | 376 | 263 |
| 17 | 55,726 | 379 | 265 |
| 18 | 56,105 | 382 | 267 |
| 19 | 56,487 | 384 | 269 |
| 20 | 56,871 | 387 | 271 |
| TOTAL | $7,258 | $5,080 |
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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