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 0.60% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 299 | 209 |
| 2 | 50,299 | 300 | 210 |
| 3 | 50,599 | 302 | 211 |
| 4 | 50,901 | 304 | 213 |
| 5 | 51,205 | 306 | 214 |
| 6 | 51,510 | 308 | 215 |
| 7 | 51,818 | 309 | 217 |
| 8 | 52,127 | 311 | 218 |
| 9 | 52,438 | 313 | 219 |
| 10 | 52,752 | 315 | 220 |
| 11 | 53,066 | 317 | 222 |
| 12 | 53,383 | 319 | 223 |
| 13 | 53,702 | 321 | 224 |
| 14 | 54,023 | 323 | 226 |
| 15 | 54,345 | 324 | 227 |
| 16 | 54,670 | 326 | 228 |
| 17 | 54,996 | 328 | 230 |
| 18 | 55,324 | 330 | 231 |
| 19 | 55,655 | 332 | 233 |
| 20 | 55,987 | 334 | 234 |
| TOTAL | $6,321 | $4,425 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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: ↓0.09% on December 7. |
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|
|
4.75% |
$50,000 |
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|
Last change: ↑0.25% on November 25. |
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|
|
4.70% |
$1,000 |
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|
Last change: ↑0.70% on December 7. |
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