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 1.05% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 525 | 368 |
| 2 | 50,525 | 531 | 371 |
| 3 | 51,056 | 536 | 375 |
| 4 | 51,592 | 542 | 379 |
| 5 | 52,133 | 547 | 383 |
| 6 | 52,681 | 553 | 387 |
| 7 | 53,234 | 559 | 391 |
| 8 | 53,793 | 565 | 395 |
| 9 | 54,358 | 571 | 400 |
| 10 | 54,928 | 577 | 404 |
| 11 | 55,505 | 583 | 408 |
| 12 | 56,088 | 589 | 412 |
| 13 | 56,677 | 595 | 417 |
| 14 | 57,272 | 601 | 421 |
| 15 | 57,873 | 608 | 425 |
| 16 | 58,481 | 614 | 430 |
| 17 | 59,095 | 620 | 434 |
| 18 | 59,716 | 627 | 439 |
| 19 | 60,343 | 634 | 444 |
| 20 | 60,976 | 640 | 448 |
| TOTAL | $11,616 | $8,131 |
| Year | Rate 0.85% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 427 | 299 |
| 2 | 50,427 | 430 | 301 |
| 3 | 50,857 | 434 | 304 |
| 4 | 51,290 | 438 | 306 |
| 5 | 51,728 | 441 | 309 |
| 6 | 52,169 | 445 | 312 |
| 7 | 52,614 | 449 | 314 |
| 8 | 53,063 | 453 | 317 |
| 9 | 53,516 | 456 | 320 |
| 10 | 53,972 | 460 | 322 |
| 11 | 54,432 | 464 | 325 |
| 12 | 54,897 | 468 | 328 |
| 13 | 55,365 | 472 | 331 |
| 14 | 55,837 | 476 | 333 |
| 15 | 56,314 | 480 | 336 |
| 16 | 56,794 | 484 | 339 |
| 17 | 57,278 | 489 | 342 |
| 18 | 57,767 | 493 | 345 |
| 19 | 58,260 | 497 | 348 |
| 20 | 58,757 | 501 | 351 |
| TOTAL | $9,258 | $6,481 |
| Year | Rate 1.21% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 605 | 424 |
| 2 | 50,605 | 612 | 429 |
| 3 | 51,217 | 620 | 434 |
| 4 | 51,837 | 627 | 439 |
| 5 | 52,464 | 635 | 444 |
| 6 | 53,099 | 642 | 450 |
| 7 | 53,742 | 650 | 455 |
| 8 | 54,392 | 658 | 461 |
| 9 | 55,050 | 666 | 466 |
| 10 | 55,716 | 674 | 472 |
| 11 | 56,390 | 682 | 478 |
| 12 | 57,073 | 691 | 483 |
| 13 | 57,763 | 699 | 489 |
| 14 | 58,462 | 707 | 495 |
| 15 | 59,170 | 716 | 501 |
| 16 | 59,885 | 725 | 507 |
| 17 | 60,610 | 733 | 513 |
| 18 | 61,343 | 742 | 520 |
| 19 | 62,086 | 751 | 526 |
| 20 | 62,837 | 760 | 532 |
| TOTAL | $13,597 | $9,518 |
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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