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 2.58% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,290 | 903 |
| 2 | 51,290 | 1,323 | 926 |
| 3 | 52,613 | 1,357 | 950 |
| 4 | 53,971 | 1,392 | 975 |
| 5 | 55,363 | 1,428 | 1,000 |
| 6 | 56,792 | 1,465 | 1,026 |
| 7 | 58,257 | 1,503 | 1,052 |
| 8 | 59,760 | 1,542 | 1,079 |
| 9 | 61,302 | 1,582 | 1,107 |
| 10 | 62,883 | 1,622 | 1,136 |
| 11 | 64,506 | 1,664 | 1,165 |
| 12 | 66,170 | 1,707 | 1,195 |
| 13 | 67,877 | 1,751 | 1,226 |
| 14 | 69,628 | 1,796 | 1,257 |
| 15 | 71,425 | 1,843 | 1,290 |
| 16 | 73,267 | 1,890 | 1,323 |
| 17 | 75,158 | 1,939 | 1,357 |
| 18 | 77,097 | 1,989 | 1,392 |
| 19 | 79,086 | 2,040 | 1,428 |
| 20 | 81,126 | 2,093 | 1,465 |
| TOTAL | $33,219 | $23,253 |
| Year | Rate 2.25% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,125 | 788 |
| 2 | 51,125 | 1,150 | 805 |
| 3 | 52,275 | 1,176 | 823 |
| 4 | 53,452 | 1,203 | 842 |
| 5 | 54,654 | 1,230 | 861 |
| 6 | 55,884 | 1,257 | 880 |
| 7 | 57,141 | 1,286 | 900 |
| 8 | 58,427 | 1,315 | 920 |
| 9 | 59,742 | 1,344 | 941 |
| 10 | 61,086 | 1,374 | 962 |
| 11 | 62,460 | 1,405 | 984 |
| 12 | 63,866 | 1,437 | 1,006 |
| 13 | 65,302 | 1,469 | 1,029 |
| 14 | 66,772 | 1,502 | 1,052 |
| 15 | 68,274 | 1,536 | 1,075 |
| 16 | 69,810 | 1,571 | 1,100 |
| 17 | 71,381 | 1,606 | 1,124 |
| 18 | 72,987 | 1,642 | 1,150 |
| 19 | 74,629 | 1,679 | 1,175 |
| 20 | 76,309 | 1,717 | 1,202 |
| TOTAL | $28,025 | $19,618 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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