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 1.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 500 | 350 |
| 2 | 50,500 | 505 | 354 |
| 3 | 51,005 | 510 | 357 |
| 4 | 51,515 | 515 | 361 |
| 5 | 52,030 | 520 | 364 |
| 6 | 52,551 | 526 | 368 |
| 7 | 53,076 | 531 | 372 |
| 8 | 53,607 | 536 | 375 |
| 9 | 54,143 | 541 | 379 |
| 10 | 54,684 | 547 | 383 |
| 11 | 55,231 | 552 | 387 |
| 12 | 55,783 | 558 | 390 |
| 13 | 56,341 | 563 | 394 |
| 14 | 56,905 | 569 | 398 |
| 15 | 57,474 | 575 | 402 |
| 16 | 58,048 | 580 | 406 |
| 17 | 58,629 | 586 | 410 |
| 18 | 59,215 | 592 | 415 |
| 19 | 59,807 | 598 | 419 |
| 20 | 60,405 | 604 | 423 |
| TOTAL | $11,010 | $7,707 |
| Year | Rate 2.22% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,110 | 777 |
| 2 | 51,110 | 1,135 | 794 |
| 3 | 52,245 | 1,160 | 812 |
| 4 | 53,404 | 1,186 | 830 |
| 5 | 54,590 | 1,212 | 848 |
| 6 | 55,802 | 1,239 | 867 |
| 7 | 57,041 | 1,266 | 886 |
| 8 | 58,307 | 1,294 | 906 |
| 9 | 59,601 | 1,323 | 926 |
| 10 | 60,925 | 1,353 | 947 |
| 11 | 62,277 | 1,383 | 968 |
| 12 | 63,660 | 1,413 | 989 |
| 13 | 65,073 | 1,445 | 1,011 |
| 14 | 66,518 | 1,477 | 1,034 |
| 15 | 67,994 | 1,509 | 1,057 |
| 16 | 69,504 | 1,543 | 1,080 |
| 17 | 71,047 | 1,577 | 1,104 |
| 18 | 72,624 | 1,612 | 1,129 |
| 19 | 74,236 | 1,648 | 1,154 |
| 20 | 75,884 | 1,685 | 1,179 |
| TOTAL | $27,569 | $19,298 |
| Year | Rate 1.40% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 700 | 490 |
| 2 | 50,700 | 710 | 497 |
| 3 | 51,410 | 720 | 504 |
| 4 | 52,130 | 730 | 511 |
| 5 | 52,859 | 740 | 518 |
| 6 | 53,599 | 750 | 525 |
| 7 | 54,350 | 761 | 533 |
| 8 | 55,111 | 772 | 540 |
| 9 | 55,882 | 782 | 548 |
| 10 | 56,665 | 793 | 555 |
| 11 | 57,458 | 804 | 563 |
| 12 | 58,262 | 816 | 571 |
| 13 | 59,078 | 827 | 579 |
| 14 | 59,905 | 839 | 587 |
| 15 | 60,744 | 850 | 595 |
| 16 | 61,594 | 862 | 604 |
| 17 | 62,456 | 874 | 612 |
| 18 | 63,331 | 887 | 621 |
| 19 | 64,217 | 899 | 629 |
| 20 | 65,117 | 912 | 638 |
| TOTAL | $16,028 | $11,220 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
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4.55% |
$5,000 |
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Last change: ↑0.15% on March 22. |
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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% |
$1,500 |
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Last change: ↓0.15% on January 25. |
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4.50% |
$500 |
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Last change: ↓0.50% on February 25. |
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