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 0.93% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 463 | 324 |
| 2 | 50,463 | 467 | 327 |
| 3 | 50,929 | 471 | 330 |
| 4 | 51,400 | 475 | 333 |
| 5 | 51,876 | 480 | 336 |
| 6 | 52,356 | 484 | 339 |
| 7 | 52,840 | 489 | 342 |
| 8 | 53,329 | 493 | 345 |
| 9 | 53,822 | 498 | 348 |
| 10 | 54,320 | 502 | 352 |
| 11 | 54,822 | 507 | 355 |
| 12 | 55,329 | 512 | 358 |
| 13 | 55,841 | 517 | 362 |
| 14 | 56,358 | 521 | 365 |
| 15 | 56,879 | 526 | 368 |
| 16 | 57,405 | 531 | 372 |
| 17 | 57,936 | 536 | 375 |
| 18 | 58,472 | 541 | 379 |
| 19 | 59,013 | 546 | 382 |
| 20 | 59,559 | 551 | 386 |
| TOTAL | $10,110 | $7,077 |
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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