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 1.07% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 535 | 375 |
| 2 | 50,535 | 541 | 379 |
| 3 | 51,076 | 547 | 383 |
| 4 | 51,622 | 552 | 387 |
| 5 | 52,175 | 558 | 391 |
| 6 | 52,733 | 564 | 395 |
| 7 | 53,297 | 570 | 399 |
| 8 | 53,867 | 576 | 403 |
| 9 | 54,444 | 583 | 408 |
| 10 | 55,026 | 589 | 412 |
| 11 | 55,615 | 595 | 417 |
| 12 | 56,210 | 601 | 421 |
| 13 | 56,812 | 608 | 426 |
| 14 | 57,420 | 614 | 430 |
| 15 | 58,034 | 621 | 435 |
| 16 | 58,655 | 628 | 439 |
| 17 | 59,282 | 634 | 444 |
| 18 | 59,917 | 641 | 449 |
| 19 | 60,558 | 648 | 454 |
| 20 | 61,206 | 655 | 458 |
| TOTAL | $11,861 | $8,303 |
| Year | Rate 3.85% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,925 | 1,348 |
| 2 | 51,925 | 1,999 | 1,399 |
| 3 | 53,924 | 2,076 | 1,453 |
| 4 | 56,000 | 2,156 | 1,509 |
| 5 | 58,156 | 2,239 | 1,567 |
| 6 | 60,395 | 2,325 | 1,628 |
| 7 | 62,720 | 2,415 | 1,690 |
| 8 | 65,135 | 2,508 | 1,755 |
| 9 | 67,643 | 2,604 | 1,823 |
| 10 | 70,247 | 2,705 | 1,893 |
| 11 | 72,952 | 2,809 | 1,966 |
| 12 | 75,760 | 2,917 | 2,042 |
| 13 | 78,677 | 3,029 | 2,120 |
| 14 | 81,706 | 3,146 | 2,202 |
| 15 | 84,852 | 3,267 | 2,287 |
| 16 | 88,119 | 3,393 | 2,375 |
| 17 | 91,511 | 3,523 | 2,466 |
| 18 | 95,034 | 3,659 | 2,561 |
| 19 | 98,693 | 3,800 | 2,660 |
| 20 | 102,493 | 3,946 | 2,762 |
| TOTAL | $56,439 | $39,507 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.55% |
$50,000 |
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Last change: ↓0.10% on February 9. |
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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% |
$50,000 |
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Last change: ↑0.20% on April 9. |
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