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 3.56% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,779 | 1,245 |
| 2 | 51,779 | 1,842 | 1,289 |
| 3 | 53,620 | 1,907 | 1,335 |
| 4 | 55,528 | 1,975 | 1,383 |
| 5 | 57,503 | 2,045 | 1,432 |
| 6 | 59,548 | 2,118 | 1,483 |
| 7 | 61,666 | 2,193 | 1,535 |
| 8 | 63,860 | 2,271 | 1,590 |
| 9 | 66,131 | 2,352 | 1,647 |
| 10 | 68,483 | 2,436 | 1,705 |
| 11 | 70,919 | 2,523 | 1,766 |
| 12 | 73,442 | 2,612 | 1,829 |
| 13 | 76,054 | 2,705 | 1,894 |
| 14 | 78,760 | 2,801 | 1,961 |
| 15 | 81,561 | 2,901 | 2,031 |
| 16 | 84,462 | 3,004 | 2,103 |
| 17 | 87,466 | 3,111 | 2,178 |
| 18 | 90,578 | 3,222 | 2,255 |
| 19 | 93,799 | 3,336 | 2,336 |
| 20 | 97,136 | 3,455 | 2,419 |
| TOTAL | $50,591 | $35,414 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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4.90% |
$1,000 |
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Last change: ↓0.10% on October 1. |
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