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 3.41% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,705 | 1,194 |
| 2 | 51,705 | 1,763 | 1,234 |
| 3 | 53,468 | 1,823 | 1,276 |
| 4 | 55,291 | 1,885 | 1,320 |
| 5 | 57,177 | 1,950 | 1,365 |
| 6 | 59,127 | 2,016 | 1,411 |
| 7 | 61,143 | 2,085 | 1,459 |
| 8 | 63,228 | 2,156 | 1,509 |
| 9 | 65,384 | 2,230 | 1,561 |
| 10 | 67,613 | 2,306 | 1,614 |
| 11 | 69,919 | 2,384 | 1,669 |
| 12 | 72,303 | 2,466 | 1,726 |
| 13 | 74,769 | 2,550 | 1,785 |
| 14 | 77,318 | 2,637 | 1,846 |
| 15 | 79,955 | 2,726 | 1,909 |
| 16 | 82,681 | 2,819 | 1,974 |
| 17 | 85,501 | 2,916 | 2,041 |
| 18 | 88,416 | 3,015 | 2,111 |
| 19 | 91,431 | 3,118 | 2,182 |
| 20 | 94,549 | 3,224 | 2,257 |
| TOTAL | $47,773 | $33,441 |
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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