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 1.24% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 622 | 435 |
| 2 | 50,622 | 629 | 440 |
| 3 | 51,251 | 637 | 446 |
| 4 | 51,888 | 645 | 451 |
| 5 | 52,533 | 653 | 457 |
| 6 | 53,186 | 661 | 463 |
| 7 | 53,847 | 669 | 469 |
| 8 | 54,516 | 678 | 474 |
| 9 | 55,194 | 686 | 480 |
| 10 | 55,880 | 695 | 486 |
| 11 | 56,574 | 703 | 492 |
| 12 | 57,278 | 712 | 498 |
| 13 | 57,990 | 721 | 505 |
| 14 | 58,710 | 730 | 511 |
| 15 | 59,440 | 739 | 517 |
| 16 | 60,179 | 748 | 524 |
| 17 | 60,927 | 757 | 530 |
| 18 | 61,684 | 767 | 537 |
| 19 | 62,451 | 776 | 543 |
| 20 | 63,227 | 786 | 550 |
| TOTAL | $14,013 | $9,809 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
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Last change: ↑0.25% on October 28. |
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|
|
4.91% |
$25,000 |
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|
Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
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|
Last change: ↓0.15% on September 6. |
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|
|
4.80% |
$50,000 |
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|
Last change: ↑0.20% on October 28. |
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|
|
4.75% |
$1,500 |
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|
Last change: ↓0.25% on October 16. |
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