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 2.04% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,020 | 714 |
| 2 | 51,020 | 1,041 | 729 |
| 3 | 52,061 | 1,062 | 743 |
| 4 | 53,123 | 1,084 | 759 |
| 5 | 54,207 | 1,106 | 774 |
| 6 | 55,312 | 1,128 | 790 |
| 7 | 56,441 | 1,151 | 806 |
| 8 | 57,592 | 1,175 | 822 |
| 9 | 58,767 | 1,199 | 839 |
| 10 | 59,966 | 1,223 | 856 |
| 11 | 61,189 | 1,248 | 874 |
| 12 | 62,437 | 1,274 | 892 |
| 13 | 63,711 | 1,300 | 910 |
| 14 | 65,011 | 1,326 | 928 |
| 15 | 66,337 | 1,353 | 947 |
| 16 | 67,690 | 1,381 | 967 |
| 17 | 69,071 | 1,409 | 986 |
| 18 | 70,480 | 1,438 | 1,006 |
| 19 | 71,918 | 1,467 | 1,027 |
| 20 | 73,385 | 1,497 | 1,048 |
| TOTAL | $24,882 | $17,418 |
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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4.90% |
$1,000 |
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Last change: ↓0.10% on October 1. |
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