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 0.08% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 40 | 28 |
| 2 | 50,040 | 40 | 28 |
| 3 | 50,080 | 40 | 28 |
| 4 | 50,120 | 40 | 28 |
| 5 | 50,160 | 40 | 28 |
| 6 | 50,200 | 40 | 28 |
| 7 | 50,240 | 40 | 28 |
| 8 | 50,281 | 40 | 28 |
| 9 | 50,321 | 40 | 28 |
| 10 | 50,361 | 40 | 28 |
| 11 | 50,401 | 40 | 28 |
| 12 | 50,442 | 40 | 28 |
| 13 | 50,482 | 40 | 28 |
| 14 | 50,523 | 40 | 28 |
| 15 | 50,563 | 40 | 28 |
| 16 | 50,603 | 40 | 28 |
| 17 | 50,644 | 41 | 28 |
| 18 | 50,684 | 41 | 28 |
| 19 | 50,725 | 41 | 28 |
| 20 | 50,765 | 41 | 28 |
| TOTAL | $806 | $564 |
| Year | Rate 0.70% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 351 | 246 |
| 2 | 50,351 | 353 | 247 |
| 3 | 50,704 | 356 | 249 |
| 4 | 51,060 | 358 | 251 |
| 5 | 51,419 | 361 | 253 |
| 6 | 51,780 | 363 | 254 |
| 7 | 52,143 | 366 | 256 |
| 8 | 52,509 | 369 | 258 |
| 9 | 52,878 | 371 | 260 |
| 10 | 53,249 | 374 | 262 |
| 11 | 53,623 | 376 | 264 |
| 12 | 53,999 | 379 | 265 |
| 13 | 54,378 | 382 | 267 |
| 14 | 54,760 | 384 | 269 |
| 15 | 55,145 | 387 | 271 |
| 16 | 55,532 | 390 | 273 |
| 17 | 55,922 | 393 | 275 |
| 18 | 56,314 | 395 | 277 |
| 19 | 56,709 | 398 | 279 |
| 20 | 57,108 | 401 | 281 |
| TOTAL | $7,508 | $5,256 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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