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 3.41% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,704 | 1,192 |
| 2 | 51,704 | 1,762 | 1,233 |
| 3 | 53,465 | 1,822 | 1,275 |
| 4 | 55,287 | 1,884 | 1,319 |
| 5 | 57,170 | 1,948 | 1,363 |
| 6 | 59,118 | 2,014 | 1,410 |
| 7 | 61,132 | 2,083 | 1,458 |
| 8 | 63,215 | 2,154 | 1,508 |
| 9 | 65,369 | 2,227 | 1,559 |
| 10 | 67,596 | 2,303 | 1,612 |
| 11 | 69,899 | 2,381 | 1,667 |
| 12 | 72,280 | 2,463 | 1,724 |
| 13 | 74,743 | 2,546 | 1,783 |
| 14 | 77,289 | 2,633 | 1,843 |
| 15 | 79,923 | 2,723 | 1,906 |
| 16 | 82,645 | 2,816 | 1,971 |
| 17 | 85,461 | 2,912 | 2,038 |
| 18 | 88,373 | 3,011 | 2,108 |
| 19 | 91,384 | 3,113 | 2,179 |
| 20 | 94,497 | 3,220 | 2,254 |
| TOTAL | $47,717 | $33,402 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.70% |
$50,000 |
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Last change: ↓0.10% on December 29, 2024. |
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4.65% |
$1,000 |
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Last change: ↓0.10% on September 22, 2024. |
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4.65% |
$1,000 |
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Last change: ↓0.25% on November 16, 2024. |
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4.61% |
$25,000 |
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Last change: ↓0.30% on December 27, 2024. |
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4.60% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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