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 5.05% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,525 | 1,768 |
| 2 | 52,525 | 2,653 | 1,857 |
| 3 | 55,178 | 2,786 | 1,951 |
| 4 | 57,964 | 2,927 | 2,049 |
| 5 | 60,891 | 3,075 | 2,153 |
| 6 | 63,966 | 3,230 | 2,261 |
| 7 | 67,196 | 3,393 | 2,375 |
| 8 | 70,590 | 3,565 | 2,495 |
| 9 | 74,155 | 3,745 | 2,621 |
| 10 | 77,899 | 3,934 | 2,754 |
| 11 | 81,833 | 4,133 | 2,893 |
| 12 | 85,966 | 4,341 | 3,039 |
| 13 | 90,307 | 4,561 | 3,192 |
| 14 | 94,868 | 4,791 | 3,354 |
| 15 | 99,659 | 5,033 | 3,523 |
| 16 | 104,691 | 5,287 | 3,701 |
| 17 | 109,978 | 5,554 | 3,888 |
| 18 | 115,532 | 5,834 | 4,084 |
| 19 | 121,367 | 6,129 | 4,290 |
| 20 | 127,496 | 6,439 | 4,507 |
| TOTAL | $83,934 | $58,754 |
| Year | Rate 4.55% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,275 | 1,593 |
| 2 | 52,275 | 2,379 | 1,665 |
| 3 | 54,654 | 2,487 | 1,741 |
| 4 | 57,140 | 2,600 | 1,820 |
| 5 | 59,740 | 2,718 | 1,903 |
| 6 | 62,458 | 2,842 | 1,989 |
| 7 | 65,300 | 2,971 | 2,080 |
| 8 | 68,271 | 3,106 | 2,174 |
| 9 | 71,378 | 3,248 | 2,273 |
| 10 | 74,625 | 3,395 | 2,377 |
| 11 | 78,021 | 3,550 | 2,485 |
| 12 | 81,571 | 3,711 | 2,598 |
| 13 | 85,282 | 3,880 | 2,716 |
| 14 | 89,163 | 4,057 | 2,840 |
| 15 | 93,219 | 4,241 | 2,969 |
| 16 | 97,461 | 4,434 | 3,104 |
| 17 | 101,895 | 4,636 | 3,245 |
| 18 | 106,532 | 4,847 | 3,393 |
| 19 | 111,379 | 5,068 | 3,547 |
| 20 | 116,447 | 5,298 | 3,709 |
| TOTAL | $71,745 | $50,221 |
| Year | Rate 0.40% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 200 | 140 |
| 2 | 50,200 | 201 | 141 |
| 3 | 50,401 | 202 | 141 |
| 4 | 50,602 | 202 | 142 |
| 5 | 50,805 | 203 | 142 |
| 6 | 51,008 | 204 | 143 |
| 7 | 51,212 | 205 | 143 |
| 8 | 51,417 | 206 | 144 |
| 9 | 51,623 | 206 | 145 |
| 10 | 51,829 | 207 | 145 |
| 11 | 52,036 | 208 | 146 |
| 12 | 52,245 | 209 | 146 |
| 13 | 52,454 | 210 | 147 |
| 14 | 52,663 | 211 | 147 |
| 15 | 52,874 | 211 | 148 |
| 16 | 53,085 | 212 | 149 |
| 17 | 53,298 | 213 | 149 |
| 18 | 53,511 | 214 | 150 |
| 19 | 53,725 | 215 | 150 |
| 20 | 53,940 | 216 | 151 |
| TOTAL | $4,156 | $2,909 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.55% |
$5,000 |
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Last change: ↑0.15% on March 22. |
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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% |
$500 |
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Last change: ↓0.50% on February 25. |
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