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 3.03% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,517 | 1,062 |
| 2 | 51,517 | 1,563 | 1,094 |
| 3 | 53,080 | 1,610 | 1,127 |
| 4 | 54,690 | 1,659 | 1,162 |
| 5 | 56,350 | 1,710 | 1,197 |
| 6 | 58,059 | 1,762 | 1,233 |
| 7 | 59,821 | 1,815 | 1,270 |
| 8 | 61,636 | 1,870 | 1,309 |
| 9 | 63,506 | 1,927 | 1,349 |
| 10 | 65,433 | 1,985 | 1,390 |
| 11 | 67,418 | 2,045 | 1,432 |
| 12 | 69,463 | 2,108 | 1,475 |
| 13 | 71,571 | 2,171 | 1,520 |
| 14 | 73,742 | 2,237 | 1,566 |
| 15 | 75,980 | 2,305 | 1,614 |
| 16 | 78,285 | 2,375 | 1,663 |
| 17 | 80,660 | 2,447 | 1,713 |
| 18 | 83,107 | 2,521 | 1,765 |
| 19 | 85,629 | 2,598 | 1,819 |
| 20 | 88,227 | 2,677 | 1,874 |
| TOTAL | $40,904 | $28,633 |
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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|
|
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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|
|
4.80% |
$50,000 |
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|
Last change: ↑0.20% on October 28. |
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