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 1.71% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 857 | 600 |
| 2 | 50,857 | 871 | 610 |
| 3 | 51,728 | 886 | 620 |
| 4 | 52,614 | 901 | 631 |
| 5 | 53,515 | 917 | 642 |
| 6 | 54,432 | 932 | 653 |
| 7 | 55,364 | 948 | 664 |
| 8 | 56,313 | 965 | 675 |
| 9 | 57,277 | 981 | 687 |
| 10 | 58,258 | 998 | 699 |
| 11 | 59,256 | 1,015 | 711 |
| 12 | 60,271 | 1,032 | 723 |
| 13 | 61,304 | 1,050 | 735 |
| 14 | 62,354 | 1,068 | 748 |
| 15 | 63,422 | 1,086 | 760 |
| 16 | 64,509 | 1,105 | 774 |
| 17 | 65,614 | 1,124 | 787 |
| 18 | 66,737 | 1,143 | 800 |
| 19 | 67,881 | 1,163 | 814 |
| 20 | 69,044 | 1,183 | 828 |
| TOTAL | $20,226 | $14,158 |
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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