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 1.55% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 775 | 543 |
| 2 | 50,775 | 787 | 551 |
| 3 | 51,562 | 799 | 559 |
| 4 | 52,361 | 812 | 568 |
| 5 | 53,173 | 824 | 577 |
| 6 | 53,997 | 837 | 586 |
| 7 | 54,834 | 850 | 595 |
| 8 | 55,684 | 863 | 604 |
| 9 | 56,547 | 876 | 614 |
| 10 | 57,423 | 890 | 623 |
| 11 | 58,314 | 904 | 633 |
| 12 | 59,217 | 918 | 643 |
| 13 | 60,135 | 932 | 652 |
| 14 | 61,067 | 947 | 663 |
| 15 | 62,014 | 961 | 673 |
| 16 | 62,975 | 976 | 683 |
| 17 | 63,951 | 991 | 694 |
| 18 | 64,942 | 1,007 | 705 |
| 19 | 65,949 | 1,022 | 716 |
| 20 | 66,971 | 1,038 | 727 |
| TOTAL | $18,009 | $12,607 |
| Year | Rate 1.51% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 755 | 529 |
| 2 | 50,755 | 766 | 536 |
| 3 | 51,521 | 778 | 545 |
| 4 | 52,299 | 790 | 553 |
| 5 | 53,089 | 802 | 561 |
| 6 | 53,891 | 814 | 570 |
| 7 | 54,704 | 826 | 578 |
| 8 | 55,531 | 839 | 587 |
| 9 | 56,369 | 851 | 596 |
| 10 | 57,220 | 864 | 605 |
| 11 | 58,084 | 877 | 614 |
| 12 | 58,961 | 890 | 623 |
| 13 | 59,852 | 904 | 633 |
| 14 | 60,755 | 917 | 642 |
| 15 | 61,673 | 931 | 652 |
| 16 | 62,604 | 945 | 662 |
| 17 | 63,549 | 960 | 672 |
| 18 | 64,509 | 974 | 682 |
| 19 | 65,483 | 989 | 692 |
| 20 | 66,472 | 1,004 | 703 |
| TOTAL | $17,476 | $12,233 |
| Year | Rate 5.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,500 | 1,750 |
| 2 | 52,500 | 2,625 | 1,838 |
| 3 | 55,125 | 2,756 | 1,929 |
| 4 | 57,881 | 2,894 | 2,026 |
| 5 | 60,775 | 3,039 | 2,127 |
| 6 | 63,814 | 3,191 | 2,233 |
| 7 | 67,005 | 3,350 | 2,345 |
| 8 | 70,355 | 3,518 | 2,462 |
| 9 | 73,873 | 3,694 | 2,586 |
| 10 | 77,566 | 3,878 | 2,715 |
| 11 | 81,445 | 4,072 | 2,851 |
| 12 | 85,517 | 4,276 | 2,993 |
| 13 | 89,793 | 4,490 | 3,143 |
| 14 | 94,282 | 4,714 | 3,300 |
| 15 | 98,997 | 4,950 | 3,465 |
| 16 | 103,946 | 5,197 | 3,638 |
| 17 | 109,144 | 5,457 | 3,820 |
| 18 | 114,601 | 5,730 | 4,011 |
| 19 | 120,331 | 6,017 | 4,212 |
| 20 | 126,348 | 6,317 | 4,422 |
| TOTAL | $82,665 | $57,865 |
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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|
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4.50% |
$1,500 |
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Last change: ↓0.15% on January 25. |
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|
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4.50% |
$500 |
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Last change: ↓0.50% on February 25. |
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