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 5.58% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,790 | 1,953 |
| 2 | 52,790 | 2,946 | 2,062 |
| 3 | 55,736 | 3,110 | 2,177 |
| 4 | 58,846 | 3,284 | 2,299 |
| 5 | 62,129 | 3,467 | 2,427 |
| 6 | 65,596 | 3,660 | 2,562 |
| 7 | 69,256 | 3,865 | 2,705 |
| 8 | 73,121 | 4,080 | 2,856 |
| 9 | 77,201 | 4,308 | 3,015 |
| 10 | 81,509 | 4,548 | 3,184 |
| 11 | 86,057 | 4,802 | 3,361 |
| 12 | 90,859 | 5,070 | 3,549 |
| 13 | 95,929 | 5,353 | 3,747 |
| 14 | 101,282 | 5,652 | 3,956 |
| 15 | 106,933 | 5,967 | 4,177 |
| 16 | 112,900 | 6,300 | 4,410 |
| 17 | 119,200 | 6,651 | 4,656 |
| 18 | 125,851 | 7,023 | 4,916 |
| 19 | 132,874 | 7,414 | 5,190 |
| 20 | 140,288 | 7,828 | 5,480 |
| TOTAL | $98,116 | $68,681 |
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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|
|
4.75% |
$1,500 |
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Last change: ↓0.25% on October 16. |
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