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 3.48% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,742 | 1,219 |
| 2 | 51,742 | 1,803 | 1,262 |
| 3 | 53,545 | 1,865 | 1,306 |
| 4 | 55,410 | 1,930 | 1,351 |
| 5 | 57,341 | 1,998 | 1,398 |
| 6 | 59,338 | 2,067 | 1,447 |
| 7 | 61,406 | 2,139 | 1,498 |
| 8 | 63,545 | 2,214 | 1,550 |
| 9 | 65,759 | 2,291 | 1,604 |
| 10 | 68,050 | 2,371 | 1,660 |
| 11 | 70,421 | 2,453 | 1,717 |
| 12 | 72,874 | 2,539 | 1,777 |
| 13 | 75,413 | 2,627 | 1,839 |
| 14 | 78,041 | 2,719 | 1,903 |
| 15 | 80,760 | 2,814 | 1,970 |
| 16 | 83,573 | 2,912 | 2,038 |
| 17 | 86,485 | 3,013 | 2,109 |
| 18 | 89,498 | 3,118 | 2,183 |
| 19 | 92,616 | 3,227 | 2,259 |
| 20 | 95,843 | 3,339 | 2,337 |
| TOTAL | $49,182 | $34,428 |
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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