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 2.17% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,086 | 760 |
| 2 | 51,086 | 1,109 | 776 |
| 3 | 52,195 | 1,133 | 793 |
| 4 | 53,328 | 1,158 | 810 |
| 5 | 54,485 | 1,183 | 828 |
| 6 | 55,668 | 1,209 | 846 |
| 7 | 56,877 | 1,235 | 864 |
| 8 | 58,112 | 1,262 | 883 |
| 9 | 59,373 | 1,289 | 902 |
| 10 | 60,662 | 1,317 | 922 |
| 11 | 61,979 | 1,346 | 942 |
| 12 | 63,325 | 1,375 | 962 |
| 13 | 64,700 | 1,405 | 983 |
| 14 | 66,104 | 1,435 | 1,005 |
| 15 | 67,539 | 1,466 | 1,026 |
| 16 | 69,006 | 1,498 | 1,049 |
| 17 | 70,504 | 1,531 | 1,071 |
| 18 | 72,034 | 1,564 | 1,095 |
| 19 | 73,598 | 1,598 | 1,118 |
| 20 | 75,196 | 1,633 | 1,143 |
| TOTAL | $26,829 | $18,780 |
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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|
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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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|
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4.80% |
$50,000 |
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Last change: ↑0.20% on October 28. |
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|
|
4.70% |
$500 |
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Last change: ↓0.50% on October 1. |
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