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 1.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 500 | 350 |
| 2 | 50,500 | 505 | 354 |
| 3 | 51,005 | 510 | 357 |
| 4 | 51,515 | 515 | 361 |
| 5 | 52,030 | 520 | 364 |
| 6 | 52,551 | 526 | 368 |
| 7 | 53,076 | 531 | 372 |
| 8 | 53,607 | 536 | 375 |
| 9 | 54,143 | 541 | 379 |
| 10 | 54,684 | 547 | 383 |
| 11 | 55,231 | 552 | 387 |
| 12 | 55,783 | 558 | 390 |
| 13 | 56,341 | 563 | 394 |
| 14 | 56,905 | 569 | 398 |
| 15 | 57,474 | 575 | 402 |
| 16 | 58,048 | 580 | 406 |
| 17 | 58,629 | 586 | 410 |
| 18 | 59,215 | 592 | 415 |
| 19 | 59,807 | 598 | 419 |
| 20 | 60,405 | 604 | 423 |
| TOTAL | $11,010 | $7,707 |
| Year | Rate 3.49% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,745 | 1,222 |
| 2 | 51,745 | 1,806 | 1,264 |
| 3 | 53,551 | 1,869 | 1,308 |
| 4 | 55,420 | 1,934 | 1,354 |
| 5 | 57,354 | 2,002 | 1,401 |
| 6 | 59,356 | 2,072 | 1,450 |
| 7 | 61,427 | 2,144 | 1,501 |
| 8 | 63,571 | 2,219 | 1,553 |
| 9 | 65,790 | 2,296 | 1,607 |
| 10 | 68,086 | 2,376 | 1,663 |
| 11 | 70,462 | 2,459 | 1,721 |
| 12 | 72,921 | 2,545 | 1,781 |
| 13 | 75,466 | 2,634 | 1,844 |
| 14 | 78,100 | 2,726 | 1,908 |
| 15 | 80,825 | 2,821 | 1,975 |
| 16 | 83,646 | 2,919 | 2,043 |
| 17 | 86,565 | 3,021 | 2,115 |
| 18 | 89,587 | 3,127 | 2,189 |
| 19 | 92,713 | 3,236 | 2,265 |
| 20 | 95,949 | 3,349 | 2,344 |
| TOTAL | $49,297 | $34,508 |
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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4.50% |
$500 |
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Last change: ↓0.50% on February 25. |
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