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 4.24% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,119 | 1,483 |
| 2 | 52,119 | 2,208 | 1,546 |
| 3 | 54,327 | 2,302 | 1,611 |
| 4 | 56,629 | 2,399 | 1,680 |
| 5 | 59,028 | 2,501 | 1,751 |
| 6 | 61,529 | 2,607 | 1,825 |
| 7 | 64,136 | 2,717 | 1,902 |
| 8 | 66,853 | 2,833 | 1,983 |
| 9 | 69,686 | 2,953 | 2,067 |
| 10 | 72,639 | 3,078 | 2,154 |
| 11 | 75,716 | 3,208 | 2,246 |
| 12 | 78,924 | 3,344 | 2,341 |
| 13 | 82,268 | 3,486 | 2,440 |
| 14 | 85,754 | 3,633 | 2,543 |
| 15 | 89,387 | 3,787 | 2,651 |
| 16 | 93,175 | 3,948 | 2,763 |
| 17 | 97,123 | 4,115 | 2,881 |
| 18 | 101,238 | 4,289 | 3,003 |
| 19 | 105,527 | 4,471 | 3,130 |
| 20 | 109,998 | 4,661 | 3,262 |
| TOTAL | $64,659 | $45,261 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.60% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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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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|
|
4.51% |
$25,000 |
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Last change: ↓0.10% on February 17. |
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4.50% |
$500 |
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Last change: ↑0.20% on January 18. |
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