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 0.29% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 145 | 102 |
| 2 | 50,145 | 145 | 102 |
| 3 | 50,290 | 146 | 102 |
| 4 | 50,436 | 146 | 102 |
| 5 | 50,583 | 147 | 103 |
| 6 | 50,729 | 147 | 103 |
| 7 | 50,876 | 148 | 103 |
| 8 | 51,024 | 148 | 104 |
| 9 | 51,172 | 148 | 104 |
| 10 | 51,320 | 149 | 104 |
| 11 | 51,469 | 149 | 104 |
| 12 | 51,618 | 150 | 105 |
| 13 | 51,768 | 150 | 105 |
| 14 | 51,918 | 151 | 105 |
| 15 | 52,069 | 151 | 106 |
| 16 | 52,220 | 151 | 106 |
| 17 | 52,371 | 152 | 106 |
| 18 | 52,523 | 152 | 107 |
| 19 | 52,675 | 153 | 107 |
| 20 | 52,828 | 153 | 107 |
| TOTAL | $2,981 | $2,087 |
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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|
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4.50% |
$500 |
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Last change: ↓0.50% on February 25. |
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