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 0.70% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 350 | 245 |
| 2 | 50,350 | 352 | 247 |
| 3 | 50,702 | 355 | 248 |
| 4 | 51,057 | 357 | 250 |
| 5 | 51,415 | 360 | 252 |
| 6 | 51,775 | 362 | 254 |
| 7 | 52,137 | 365 | 255 |
| 8 | 52,502 | 368 | 257 |
| 9 | 52,870 | 370 | 259 |
| 10 | 53,240 | 373 | 261 |
| 11 | 53,612 | 375 | 263 |
| 12 | 53,988 | 378 | 265 |
| 13 | 54,366 | 381 | 266 |
| 14 | 54,746 | 383 | 268 |
| 15 | 55,129 | 386 | 270 |
| 16 | 55,515 | 389 | 272 |
| 17 | 55,904 | 391 | 274 |
| 18 | 56,295 | 394 | 276 |
| 19 | 56,689 | 397 | 278 |
| 20 | 57,086 | 400 | 280 |
| TOTAL | $7,486 | $5,240 |
| Year | Rate 1.36% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 680 | 476 |
| 2 | 50,680 | 689 | 482 |
| 3 | 51,369 | 699 | 489 |
| 4 | 52,068 | 708 | 496 |
| 5 | 52,776 | 718 | 502 |
| 6 | 53,494 | 728 | 509 |
| 7 | 54,221 | 737 | 516 |
| 8 | 54,959 | 747 | 523 |
| 9 | 55,706 | 758 | 530 |
| 10 | 56,464 | 768 | 538 |
| 11 | 57,232 | 778 | 545 |
| 12 | 58,010 | 789 | 552 |
| 13 | 58,799 | 800 | 560 |
| 14 | 59,599 | 811 | 567 |
| 15 | 60,409 | 822 | 575 |
| 16 | 61,231 | 833 | 583 |
| 17 | 62,063 | 844 | 591 |
| 18 | 62,907 | 856 | 599 |
| 19 | 63,763 | 867 | 607 |
| 20 | 64,630 | 879 | 615 |
| TOTAL | $15,509 | $10,856 |
| Year | Rate 4.36% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,180 | 1,526 |
| 2 | 52,180 | 2,275 | 1,593 |
| 3 | 54,455 | 2,374 | 1,662 |
| 4 | 56,829 | 2,478 | 1,734 |
| 5 | 59,307 | 2,586 | 1,810 |
| 6 | 61,893 | 2,699 | 1,889 |
| 7 | 64,591 | 2,816 | 1,971 |
| 8 | 67,408 | 2,939 | 2,057 |
| 9 | 70,347 | 3,067 | 2,147 |
| 10 | 73,414 | 3,201 | 2,241 |
| 11 | 76,614 | 3,340 | 2,338 |
| 12 | 79,955 | 3,486 | 2,440 |
| 13 | 83,441 | 3,638 | 2,547 |
| 14 | 87,079 | 3,797 | 2,658 |
| 15 | 90,876 | 3,962 | 2,774 |
| 16 | 94,838 | 4,135 | 2,894 |
| 17 | 98,973 | 4,315 | 3,021 |
| 18 | 103,288 | 4,503 | 3,152 |
| 19 | 107,791 | 4,700 | 3,290 |
| 20 | 112,491 | 4,905 | 3,433 |
| TOTAL | $67,395 | $47,177 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.60% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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|
|
4.55% |
$50,000 |
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Last change: ↓0.10% on February 9. |
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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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