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 0.83% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 413 | 289 |
| 2 | 50,413 | 416 | 291 |
| 3 | 50,828 | 419 | 294 |
| 4 | 51,248 | 423 | 296 |
| 5 | 51,671 | 426 | 298 |
| 6 | 52,097 | 430 | 301 |
| 7 | 52,527 | 433 | 303 |
| 8 | 52,960 | 437 | 306 |
| 9 | 53,397 | 441 | 308 |
| 10 | 53,837 | 444 | 311 |
| 11 | 54,282 | 448 | 313 |
| 12 | 54,729 | 452 | 316 |
| 13 | 55,181 | 455 | 319 |
| 14 | 55,636 | 459 | 321 |
| 15 | 56,095 | 463 | 324 |
| 16 | 56,558 | 467 | 327 |
| 17 | 57,025 | 470 | 329 |
| 18 | 57,495 | 474 | 332 |
| 19 | 57,969 | 478 | 335 |
| 20 | 58,448 | 482 | 338 |
| TOTAL | $8,930 | $6,251 |
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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|
|
5.00% |
$500 |
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Last change: ↑3.00% on August 7. |
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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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|
|
4.90% |
$500 |
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|
Last change: ↓0.05% on September 27. |
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