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 1.76% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 879 | 615 |
| 2 | 50,879 | 894 | 626 |
| 3 | 51,773 | 910 | 637 |
| 4 | 52,684 | 926 | 648 |
| 5 | 53,610 | 942 | 660 |
| 6 | 54,552 | 959 | 671 |
| 7 | 55,511 | 976 | 683 |
| 8 | 56,487 | 993 | 695 |
| 9 | 57,480 | 1,011 | 707 |
| 10 | 58,491 | 1,028 | 720 |
| 11 | 59,519 | 1,046 | 732 |
| 12 | 60,565 | 1,065 | 745 |
| 13 | 61,630 | 1,083 | 758 |
| 14 | 62,714 | 1,103 | 772 |
| 15 | 63,816 | 1,122 | 785 |
| 16 | 64,938 | 1,142 | 799 |
| 17 | 66,080 | 1,162 | 813 |
| 18 | 67,241 | 1,182 | 827 |
| 19 | 68,423 | 1,203 | 842 |
| 20 | 69,626 | 1,224 | 857 |
| TOTAL | $20,850 | $14,595 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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|
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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|
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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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