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 1.26% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 628 | 440 |
| 2 | 50,628 | 636 | 445 |
| 3 | 51,264 | 644 | 451 |
| 4 | 51,908 | 652 | 456 |
| 5 | 52,560 | 660 | 462 |
| 6 | 53,220 | 668 | 468 |
| 7 | 53,888 | 677 | 474 |
| 8 | 54,565 | 685 | 480 |
| 9 | 55,250 | 694 | 486 |
| 10 | 55,944 | 703 | 492 |
| 11 | 56,647 | 711 | 498 |
| 12 | 57,359 | 720 | 504 |
| 13 | 58,079 | 729 | 511 |
| 14 | 58,808 | 739 | 517 |
| 15 | 59,547 | 748 | 524 |
| 16 | 60,295 | 757 | 530 |
| 17 | 61,052 | 767 | 537 |
| 18 | 61,819 | 776 | 544 |
| 19 | 62,596 | 786 | 550 |
| 20 | 63,382 | 796 | 557 |
| TOTAL | $14,178 | $9,925 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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% |
$50,000 |
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Last change: ↓0.05% on April 30. |
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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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