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 1.62% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 810 | 567 |
| 2 | 50,810 | 823 | 576 |
| 3 | 51,633 | 836 | 586 |
| 4 | 52,470 | 850 | 595 |
| 5 | 53,320 | 864 | 605 |
| 6 | 54,183 | 878 | 614 |
| 7 | 55,061 | 892 | 624 |
| 8 | 55,953 | 906 | 635 |
| 9 | 56,860 | 921 | 645 |
| 10 | 57,781 | 936 | 655 |
| 11 | 58,717 | 951 | 666 |
| 12 | 59,668 | 967 | 677 |
| 13 | 60,635 | 982 | 688 |
| 14 | 61,617 | 998 | 699 |
| 15 | 62,615 | 1,014 | 710 |
| 16 | 63,629 | 1,031 | 722 |
| 17 | 64,660 | 1,047 | 733 |
| 18 | 65,708 | 1,064 | 745 |
| 19 | 66,772 | 1,082 | 757 |
| 20 | 67,854 | 1,099 | 769 |
| TOTAL | $18,953 | $13,267 |
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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|
|
5.00% |
$500 |
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Last change: ↑3.00% on August 7. |
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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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|
|
4.90% |
$500 |
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|
Last change: ↓0.05% on September 27. |
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