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 4.11% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,055 | 1,439 |
| 2 | 52,055 | 2,139 | 1,498 |
| 3 | 54,194 | 2,227 | 1,559 |
| 4 | 56,422 | 2,319 | 1,623 |
| 5 | 58,741 | 2,414 | 1,690 |
| 6 | 61,155 | 2,513 | 1,759 |
| 7 | 63,669 | 2,617 | 1,832 |
| 8 | 66,285 | 2,724 | 1,907 |
| 9 | 69,010 | 2,836 | 1,985 |
| 10 | 71,846 | 2,953 | 2,067 |
| 11 | 74,799 | 3,074 | 2,152 |
| 12 | 77,873 | 3,201 | 2,240 |
| 13 | 81,074 | 3,332 | 2,332 |
| 14 | 84,406 | 3,469 | 2,428 |
| 15 | 87,875 | 3,612 | 2,528 |
| 16 | 91,486 | 3,760 | 2,632 |
| 17 | 95,247 | 3,915 | 2,740 |
| 18 | 99,161 | 4,076 | 2,853 |
| 19 | 103,237 | 4,243 | 2,970 |
| 20 | 107,480 | 4,417 | 3,092 |
| TOTAL | $61,897 | $43,328 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.75% |
$50,000 |
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Last change: ↑0.25% on November 25, 2024. |
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4.70% |
$50,000 |
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Last change: ↓0.10% on December 29, 2024. |
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4.70% |
$1,000 |
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Last change: ↑0.70% on December 7, 2024. |
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|
4.65% |
$1,500 |
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Last change: ↓0.05% on December 4, 2024. |
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|
4.65% |
$10,000 |
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Last change: ↓0.25% on December 23, 2024. |
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