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 5.06% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,530 | 1,771 |
| 2 | 52,530 | 2,658 | 1,861 |
| 3 | 55,188 | 2,793 | 1,955 |
| 4 | 57,981 | 2,934 | 2,054 |
| 5 | 60,914 | 3,082 | 2,158 |
| 6 | 63,997 | 3,238 | 2,267 |
| 7 | 67,235 | 3,402 | 2,381 |
| 8 | 70,637 | 3,574 | 2,502 |
| 9 | 74,211 | 3,755 | 2,629 |
| 10 | 77,966 | 3,945 | 2,762 |
| 11 | 81,911 | 4,145 | 2,901 |
| 12 | 86,056 | 4,354 | 3,048 |
| 13 | 90,410 | 4,575 | 3,202 |
| 14 | 94,985 | 4,806 | 3,364 |
| 15 | 99,792 | 5,049 | 3,535 |
| 16 | 104,841 | 5,305 | 3,713 |
| 17 | 110,146 | 5,573 | 3,901 |
| 18 | 115,719 | 5,855 | 4,099 |
| 19 | 121,575 | 6,152 | 4,306 |
| 20 | 127,726 | 6,463 | 4,524 |
| TOTAL | $84,189 | $58,933 |
| Year | Rate 0.01% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 5 | 4 |
| 2 | 50,005 | 5 | 4 |
| 3 | 50,010 | 5 | 4 |
| 4 | 50,015 | 5 | 4 |
| 5 | 50,020 | 5 | 4 |
| 6 | 50,025 | 5 | 4 |
| 7 | 50,030 | 5 | 4 |
| 8 | 50,035 | 5 | 4 |
| 9 | 50,040 | 5 | 4 |
| 10 | 50,045 | 5 | 4 |
| 11 | 50,050 | 5 | 4 |
| 12 | 50,055 | 5 | 4 |
| 13 | 50,060 | 5 | 4 |
| 14 | 50,065 | 5 | 4 |
| 15 | 50,070 | 5 | 4 |
| 16 | 50,075 | 5 | 4 |
| 17 | 50,080 | 5 | 4 |
| 18 | 50,085 | 5 | 4 |
| 19 | 50,090 | 5 | 4 |
| 20 | 50,095 | 5 | 4 |
| TOTAL | $100 | $70 |
| Year | Rate 0.60% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 300 | 210 |
| 2 | 50,300 | 302 | 211 |
| 3 | 50,602 | 304 | 213 |
| 4 | 50,905 | 305 | 214 |
| 5 | 51,211 | 307 | 215 |
| 6 | 51,518 | 309 | 216 |
| 7 | 51,827 | 311 | 218 |
| 8 | 52,138 | 313 | 219 |
| 9 | 52,451 | 315 | 220 |
| 10 | 52,766 | 317 | 222 |
| 11 | 53,082 | 318 | 223 |
| 12 | 53,401 | 320 | 224 |
| 13 | 53,721 | 322 | 226 |
| 14 | 54,044 | 324 | 227 |
| 15 | 54,368 | 326 | 228 |
| 16 | 54,694 | 328 | 230 |
| 17 | 55,022 | 330 | 231 |
| 18 | 55,352 | 332 | 232 |
| 19 | 55,684 | 334 | 234 |
| 20 | 56,019 | 336 | 235 |
| TOTAL | $6,355 | $4,448 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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