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 3.10% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,550 | 1,085 |
| 2 | 51,550 | 1,598 | 1,119 |
| 3 | 53,148 | 1,648 | 1,153 |
| 4 | 54,796 | 1,699 | 1,189 |
| 5 | 56,494 | 1,751 | 1,226 |
| 6 | 58,246 | 1,806 | 1,264 |
| 7 | 60,051 | 1,862 | 1,303 |
| 8 | 61,913 | 1,919 | 1,344 |
| 9 | 63,832 | 1,979 | 1,385 |
| 10 | 65,811 | 2,040 | 1,428 |
| 11 | 67,851 | 2,103 | 1,472 |
| 12 | 69,954 | 2,169 | 1,518 |
| 13 | 72,123 | 2,236 | 1,565 |
| 14 | 74,359 | 2,305 | 1,614 |
| 15 | 76,664 | 2,377 | 1,664 |
| 16 | 79,041 | 2,450 | 1,715 |
| 17 | 81,491 | 2,526 | 1,768 |
| 18 | 84,017 | 2,605 | 1,823 |
| 19 | 86,622 | 2,685 | 1,880 |
| 20 | 89,307 | 2,769 | 1,938 |
| TOTAL | $42,075 | $29,453 |
| Year | Rate 4.70% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,350 | 1,645 |
| 2 | 52,350 | 2,460 | 1,722 |
| 3 | 54,810 | 2,576 | 1,803 |
| 4 | 57,387 | 2,697 | 1,888 |
| 5 | 60,084 | 2,824 | 1,977 |
| 6 | 62,908 | 2,957 | 2,070 |
| 7 | 65,864 | 3,096 | 2,167 |
| 8 | 68,960 | 3,241 | 2,269 |
| 9 | 72,201 | 3,393 | 2,375 |
| 10 | 75,594 | 3,553 | 2,487 |
| 11 | 79,147 | 3,720 | 2,604 |
| 12 | 82,867 | 3,895 | 2,726 |
| 13 | 86,762 | 4,078 | 2,854 |
| 14 | 90,840 | 4,269 | 2,989 |
| 15 | 95,109 | 4,470 | 3,129 |
| 16 | 99,580 | 4,680 | 3,276 |
| 17 | 104,260 | 4,900 | 3,430 |
| 18 | 109,160 | 5,131 | 3,591 |
| 19 | 114,291 | 5,372 | 3,760 |
| 20 | 119,662 | 5,624 | 3,937 |
| TOTAL | $75,286 | $52,700 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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|
4.55% |
$5,000 |
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Last change: ↑0.15% on March 22. |
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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% |
$500 |
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Last change: ↓0.50% on February 25. |
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