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 1.54% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 770 | 539 |
| 2 | 50,770 | 782 | 547 |
| 3 | 51,552 | 794 | 556 |
| 4 | 52,346 | 806 | 564 |
| 5 | 53,152 | 819 | 573 |
| 6 | 53,970 | 831 | 582 |
| 7 | 54,802 | 844 | 591 |
| 8 | 55,646 | 857 | 600 |
| 9 | 56,502 | 870 | 609 |
| 10 | 57,373 | 884 | 618 |
| 11 | 58,256 | 897 | 628 |
| 12 | 59,153 | 911 | 638 |
| 13 | 60,064 | 925 | 647 |
| 14 | 60,989 | 939 | 657 |
| 15 | 61,928 | 954 | 668 |
| 16 | 62,882 | 968 | 678 |
| 17 | 63,851 | 983 | 688 |
| 18 | 64,834 | 998 | 699 |
| 19 | 65,832 | 1,014 | 710 |
| 20 | 66,846 | 1,029 | 721 |
| TOTAL | $17,876 | $12,513 |
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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