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 1.63% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 815 | 571 |
| 2 | 50,815 | 828 | 580 |
| 3 | 51,643 | 842 | 589 |
| 4 | 52,485 | 856 | 599 |
| 5 | 53,341 | 869 | 609 |
| 6 | 54,210 | 884 | 619 |
| 7 | 55,094 | 898 | 629 |
| 8 | 55,992 | 913 | 639 |
| 9 | 56,904 | 928 | 649 |
| 10 | 57,832 | 943 | 660 |
| 11 | 58,775 | 958 | 671 |
| 12 | 59,733 | 974 | 682 |
| 13 | 60,706 | 990 | 693 |
| 14 | 61,696 | 1,006 | 704 |
| 15 | 62,701 | 1,022 | 715 |
| 16 | 63,723 | 1,039 | 727 |
| 17 | 64,762 | 1,056 | 739 |
| 18 | 65,818 | 1,073 | 751 |
| 19 | 66,891 | 1,090 | 763 |
| 20 | 67,981 | 1,108 | 776 |
| TOTAL | $19,089 | $13,362 |
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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|
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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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|
|
4.90% |
$1,000 |
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Last change: ↓0.10% on October 1. |
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