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 2.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,000 | 700 |
| 2 | 51,000 | 1,020 | 714 |
| 3 | 52,020 | 1,040 | 728 |
| 4 | 53,060 | 1,061 | 743 |
| 5 | 54,122 | 1,082 | 758 |
| 6 | 55,204 | 1,104 | 773 |
| 7 | 56,308 | 1,126 | 788 |
| 8 | 57,434 | 1,149 | 804 |
| 9 | 58,583 | 1,172 | 820 |
| 10 | 59,755 | 1,195 | 837 |
| 11 | 60,950 | 1,219 | 853 |
| 12 | 62,169 | 1,243 | 870 |
| 13 | 63,412 | 1,268 | 888 |
| 14 | 64,680 | 1,294 | 906 |
| 15 | 65,974 | 1,319 | 924 |
| 16 | 67,293 | 1,346 | 942 |
| 17 | 68,639 | 1,373 | 961 |
| 18 | 70,012 | 1,400 | 980 |
| 19 | 71,412 | 1,428 | 1,000 |
| 20 | 72,841 | 1,457 | 1,020 |
| TOTAL | $24,297 | $17,008 |
| Year | Rate 2.79% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,395 | 977 |
| 2 | 51,395 | 1,434 | 1,004 |
| 3 | 52,829 | 1,474 | 1,032 |
| 4 | 54,303 | 1,515 | 1,061 |
| 5 | 55,818 | 1,557 | 1,090 |
| 6 | 57,375 | 1,601 | 1,121 |
| 7 | 58,976 | 1,645 | 1,152 |
| 8 | 60,621 | 1,691 | 1,184 |
| 9 | 62,313 | 1,739 | 1,217 |
| 10 | 64,051 | 1,787 | 1,251 |
| 11 | 65,838 | 1,837 | 1,286 |
| 12 | 67,675 | 1,888 | 1,322 |
| 13 | 69,563 | 1,941 | 1,359 |
| 14 | 71,504 | 1,995 | 1,396 |
| 15 | 73,499 | 2,051 | 1,435 |
| 16 | 75,550 | 2,108 | 1,475 |
| 17 | 77,658 | 2,167 | 1,517 |
| 18 | 79,824 | 2,227 | 1,559 |
| 19 | 82,051 | 2,289 | 1,602 |
| 20 | 84,341 | 2,353 | 1,647 |
| TOTAL | $36,694 | $25,686 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.55% |
$5,000 |
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Last change: ↑0.15% on March 22. |
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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% |
$500 |
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Last change: ↓0.50% on February 25. |
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