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 2.24% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,120 | 784 |
| 2 | 51,120 | 1,145 | 802 |
| 3 | 52,265 | 1,171 | 820 |
| 4 | 53,436 | 1,197 | 838 |
| 5 | 54,633 | 1,224 | 857 |
| 6 | 55,857 | 1,251 | 876 |
| 7 | 57,108 | 1,279 | 895 |
| 8 | 58,387 | 1,308 | 916 |
| 9 | 59,695 | 1,337 | 936 |
| 10 | 61,032 | 1,367 | 957 |
| 11 | 62,399 | 1,398 | 978 |
| 12 | 63,797 | 1,429 | 1,000 |
| 13 | 65,226 | 1,461 | 1,023 |
| 14 | 66,687 | 1,494 | 1,046 |
| 15 | 68,181 | 1,527 | 1,069 |
| 16 | 69,708 | 1,561 | 1,093 |
| 17 | 71,269 | 1,596 | 1,118 |
| 18 | 72,866 | 1,632 | 1,143 |
| 19 | 74,498 | 1,669 | 1,168 |
| 20 | 76,167 | 1,706 | 1,194 |
| TOTAL | $27,873 | $19,511 |
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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|
|
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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|
|
4.80% |
$50,000 |
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|
Last change: ↑0.20% on October 28. |
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|
|
4.75% |
$1,500 |
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Last change: ↓0.25% on October 16. |
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