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 2.03% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,015 | 711 |
| 2 | 51,015 | 1,036 | 725 |
| 3 | 52,051 | 1,057 | 740 |
| 4 | 53,107 | 1,078 | 755 |
| 5 | 54,185 | 1,100 | 770 |
| 6 | 55,285 | 1,122 | 786 |
| 7 | 56,408 | 1,145 | 802 |
| 8 | 57,553 | 1,168 | 818 |
| 9 | 58,721 | 1,192 | 834 |
| 10 | 59,913 | 1,216 | 851 |
| 11 | 61,129 | 1,241 | 869 |
| 12 | 62,370 | 1,266 | 886 |
| 13 | 63,636 | 1,292 | 904 |
| 14 | 64,928 | 1,318 | 923 |
| 15 | 66,246 | 1,345 | 941 |
| 16 | 67,591 | 1,372 | 960 |
| 17 | 68,963 | 1,400 | 980 |
| 18 | 70,363 | 1,428 | 1,000 |
| 19 | 71,791 | 1,457 | 1,020 |
| 20 | 73,249 | 1,487 | 1,041 |
| TOTAL | $24,736 | $17,315 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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|
4.50% |
$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% |
$50,000 |
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Last change: ↑0.20% on April 9. |
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