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 2.36% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,180 | 826 |
| 2 | 51,180 | 1,208 | 845 |
| 3 | 52,388 | 1,236 | 865 |
| 4 | 53,624 | 1,266 | 886 |
| 5 | 54,890 | 1,295 | 907 |
| 6 | 56,185 | 1,326 | 928 |
| 7 | 57,511 | 1,357 | 950 |
| 8 | 58,868 | 1,389 | 973 |
| 9 | 60,258 | 1,422 | 995 |
| 10 | 61,680 | 1,456 | 1,019 |
| 11 | 63,135 | 1,490 | 1,043 |
| 12 | 64,625 | 1,525 | 1,068 |
| 13 | 66,151 | 1,561 | 1,093 |
| 14 | 67,712 | 1,598 | 1,119 |
| 15 | 69,310 | 1,636 | 1,145 |
| 16 | 70,945 | 1,674 | 1,172 |
| 17 | 72,620 | 1,714 | 1,200 |
| 18 | 74,334 | 1,754 | 1,228 |
| 19 | 76,088 | 1,796 | 1,257 |
| 20 | 77,883 | 1,838 | 1,287 |
| TOTAL | $29,722 | $20,805 |
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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|
|
4.80% |
$50,000 |
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|
Last change: ↑0.20% on October 28. |
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|
|
4.70% |
$500 |
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Last change: ↓0.50% on October 1. |
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