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 2.91% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,455 | 1,019 |
| 2 | 51,455 | 1,497 | 1,048 |
| 3 | 52,952 | 1,541 | 1,079 |
| 4 | 54,493 | 1,586 | 1,110 |
| 5 | 56,079 | 1,632 | 1,142 |
| 6 | 57,711 | 1,679 | 1,176 |
| 7 | 59,390 | 1,728 | 1,210 |
| 8 | 61,119 | 1,779 | 1,245 |
| 9 | 62,897 | 1,830 | 1,281 |
| 10 | 64,727 | 1,884 | 1,318 |
| 11 | 66,611 | 1,938 | 1,357 |
| 12 | 68,549 | 1,995 | 1,396 |
| 13 | 70,544 | 2,053 | 1,437 |
| 14 | 72,597 | 2,113 | 1,479 |
| 15 | 74,710 | 2,174 | 1,522 |
| 16 | 76,884 | 2,237 | 1,566 |
| 17 | 79,121 | 2,302 | 1,612 |
| 18 | 81,423 | 2,369 | 1,659 |
| 19 | 83,793 | 2,438 | 1,707 |
| 20 | 86,231 | 2,509 | 1,757 |
| TOTAL | $38,740 | $27,118 |
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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|
|
4.51% |
$25,000 |
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Last change: ↓0.10% on February 17. |
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|
|
4.50% |
$25,000 |
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Last change: ↓0.85% on August 7, 2024. |
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