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 0.58% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 290 | 203 |
| 2 | 50,290 | 292 | 204 |
| 3 | 50,582 | 293 | 205 |
| 4 | 50,875 | 295 | 207 |
| 5 | 51,170 | 297 | 208 |
| 6 | 51,467 | 299 | 209 |
| 7 | 51,765 | 300 | 210 |
| 8 | 52,066 | 302 | 211 |
| 9 | 52,368 | 304 | 213 |
| 10 | 52,671 | 305 | 214 |
| 11 | 52,977 | 307 | 215 |
| 12 | 53,284 | 309 | 216 |
| 13 | 53,593 | 311 | 218 |
| 14 | 53,904 | 313 | 219 |
| 15 | 54,217 | 314 | 220 |
| 16 | 54,531 | 316 | 221 |
| 17 | 54,847 | 318 | 223 |
| 18 | 55,166 | 320 | 224 |
| 19 | 55,485 | 322 | 225 |
| 20 | 55,807 | 324 | 227 |
| TOTAL | $6,131 | $4,292 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
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Last change: ↑0.25% on October 28. |
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|
|
5.00% |
$500 |
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Last change: ↑3.00% on August 7. |
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|
4.91% |
$25,000 |
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Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
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Last change: ↓0.15% on September 6. |
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|
|
4.90% |
$500 |
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Last change: ↓0.05% on September 27. |
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