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 4.34% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,171 | 1,519 |
| 2 | 52,171 | 2,265 | 1,585 |
| 3 | 54,435 | 2,363 | 1,654 |
| 4 | 56,798 | 2,466 | 1,726 |
| 5 | 59,264 | 2,573 | 1,801 |
| 6 | 61,837 | 2,684 | 1,879 |
| 7 | 64,521 | 2,801 | 1,961 |
| 8 | 67,322 | 2,922 | 2,046 |
| 9 | 70,244 | 3,049 | 2,135 |
| 10 | 73,293 | 3,182 | 2,227 |
| 11 | 76,475 | 3,320 | 2,324 |
| 12 | 79,795 | 3,464 | 2,425 |
| 13 | 83,259 | 3,614 | 2,530 |
| 14 | 86,873 | 3,771 | 2,640 |
| 15 | 90,644 | 3,935 | 2,754 |
| 16 | 94,579 | 4,106 | 2,874 |
| 17 | 98,685 | 4,284 | 2,999 |
| 18 | 102,969 | 4,470 | 3,129 |
| 19 | 107,438 | 4,664 | 3,265 |
| 20 | 112,102 | 4,866 | 3,406 |
| TOTAL | $66,969 | $46,878 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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|
5.51% |
$25,000 |
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Last change: ↓0.15% on May 13. |
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5.20% |
$500 |
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Last change: ↓0.10% on August 16. |
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5.15% |
$500 |
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Last change: ↓0.10% on July 30. |
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5.10% |
$500 |
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Last change: ↑0.05% on August 24. |
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5.10% |
$0 |
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Last change: ↑0.85% on August 31. |
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