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 0.80% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 400 | 280 |
| 2 | 50,400 | 403 | 282 |
| 3 | 50,803 | 406 | 284 |
| 4 | 51,210 | 410 | 287 |
| 5 | 51,619 | 413 | 289 |
| 6 | 52,032 | 416 | 291 |
| 7 | 52,449 | 420 | 294 |
| 8 | 52,868 | 423 | 296 |
| 9 | 53,291 | 426 | 298 |
| 10 | 53,717 | 430 | 301 |
| 11 | 54,147 | 433 | 303 |
| 12 | 54,580 | 437 | 306 |
| 13 | 55,017 | 440 | 308 |
| 14 | 55,457 | 444 | 311 |
| 15 | 55,901 | 447 | 313 |
| 16 | 56,348 | 451 | 316 |
| 17 | 56,799 | 454 | 318 |
| 18 | 57,253 | 458 | 321 |
| 19 | 57,711 | 462 | 323 |
| 20 | 58,173 | 465 | 326 |
| TOTAL | $8,638 | $6,047 |
| Year | Rate 0.05% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 25 | 18 |
| 2 | 50,025 | 25 | 18 |
| 3 | 50,050 | 25 | 18 |
| 4 | 50,075 | 25 | 18 |
| 5 | 50,100 | 25 | 18 |
| 6 | 50,125 | 25 | 18 |
| 7 | 50,150 | 25 | 18 |
| 8 | 50,175 | 25 | 18 |
| 9 | 50,200 | 25 | 18 |
| 10 | 50,225 | 25 | 18 |
| 11 | 50,251 | 25 | 18 |
| 12 | 50,276 | 25 | 18 |
| 13 | 50,301 | 25 | 18 |
| 14 | 50,326 | 25 | 18 |
| 15 | 50,351 | 25 | 18 |
| 16 | 50,376 | 25 | 18 |
| 17 | 50,402 | 25 | 18 |
| 18 | 50,427 | 25 | 18 |
| 19 | 50,452 | 25 | 18 |
| 20 | 50,477 | 25 | 18 |
| TOTAL | $502 | $352 |
| Year | Rate 1.97% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 985 | 690 |
| 2 | 50,985 | 1,004 | 703 |
| 3 | 51,989 | 1,024 | 717 |
| 4 | 53,014 | 1,044 | 731 |
| 5 | 54,058 | 1,065 | 745 |
| 6 | 55,123 | 1,086 | 760 |
| 7 | 56,209 | 1,107 | 775 |
| 8 | 57,316 | 1,129 | 790 |
| 9 | 58,445 | 1,151 | 806 |
| 10 | 59,597 | 1,174 | 822 |
| 11 | 60,771 | 1,197 | 838 |
| 12 | 61,968 | 1,221 | 855 |
| 13 | 63,189 | 1,245 | 871 |
| 14 | 64,433 | 1,269 | 889 |
| 15 | 65,703 | 1,294 | 906 |
| 16 | 66,997 | 1,320 | 924 |
| 17 | 68,317 | 1,346 | 942 |
| 18 | 69,663 | 1,372 | 961 |
| 19 | 71,035 | 1,399 | 980 |
| 20 | 72,435 | 1,427 | 999 |
| TOTAL | $23,862 | $16,703 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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