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 5.17% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,585 | 1,810 |
| 2 | 52,585 | 2,719 | 1,903 |
| 3 | 55,304 | 2,859 | 2,001 |
| 4 | 58,163 | 3,007 | 2,105 |
| 5 | 61,170 | 3,162 | 2,214 |
| 6 | 64,332 | 3,326 | 2,328 |
| 7 | 67,658 | 3,498 | 2,449 |
| 8 | 71,156 | 3,679 | 2,575 |
| 9 | 74,835 | 3,869 | 2,708 |
| 10 | 78,704 | 4,069 | 2,848 |
| 11 | 82,773 | 4,279 | 2,996 |
| 12 | 87,052 | 4,501 | 3,150 |
| 13 | 91,553 | 4,733 | 3,313 |
| 14 | 96,286 | 4,978 | 3,485 |
| 15 | 101,264 | 5,235 | 3,665 |
| 16 | 106,500 | 5,506 | 3,854 |
| 17 | 112,006 | 5,791 | 4,053 |
| 18 | 117,796 | 6,090 | 4,263 |
| 19 | 123,886 | 6,405 | 4,483 |
| 20 | 130,291 | 6,736 | 4,715 |
| TOTAL | $87,027 | $60,919 |
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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|
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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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