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 3.39% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,696 | 1,187 |
| 2 | 51,696 | 1,754 | 1,227 |
| 3 | 53,450 | 1,813 | 1,269 |
| 4 | 55,263 | 1,875 | 1,312 |
| 5 | 57,137 | 1,938 | 1,357 |
| 6 | 59,075 | 2,004 | 1,403 |
| 7 | 61,079 | 2,072 | 1,450 |
| 8 | 63,151 | 2,142 | 1,499 |
| 9 | 65,293 | 2,215 | 1,550 |
| 10 | 67,508 | 2,290 | 1,603 |
| 11 | 69,797 | 2,368 | 1,657 |
| 12 | 72,165 | 2,448 | 1,713 |
| 13 | 74,613 | 2,531 | 1,772 |
| 14 | 77,144 | 2,617 | 1,832 |
| 15 | 79,760 | 2,705 | 1,894 |
| 16 | 82,466 | 2,797 | 1,958 |
| 17 | 85,263 | 2,892 | 2,024 |
| 18 | 88,155 | 2,990 | 2,093 |
| 19 | 91,145 | 3,092 | 2,164 |
| 20 | 94,237 | 3,197 | 2,238 |
| TOTAL | $47,434 | $33,204 |
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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