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 1.47% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 735 | 515 |
| 2 | 50,735 | 746 | 522 |
| 3 | 51,481 | 757 | 530 |
| 4 | 52,238 | 768 | 538 |
| 5 | 53,005 | 779 | 545 |
| 6 | 53,785 | 791 | 553 |
| 7 | 54,575 | 802 | 562 |
| 8 | 55,378 | 814 | 570 |
| 9 | 56,192 | 826 | 578 |
| 10 | 57,018 | 838 | 587 |
| 11 | 57,856 | 850 | 595 |
| 12 | 58,706 | 863 | 604 |
| 13 | 59,569 | 876 | 613 |
| 14 | 60,445 | 889 | 622 |
| 15 | 61,333 | 902 | 631 |
| 16 | 62,235 | 915 | 640 |
| 17 | 63,150 | 928 | 650 |
| 18 | 64,078 | 942 | 659 |
| 19 | 65,020 | 956 | 669 |
| 20 | 65,976 | 970 | 679 |
| TOTAL | $16,946 | $11,862 |
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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