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 5.30% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,650 | 1,855 |
| 2 | 52,650 | 2,790 | 1,953 |
| 3 | 55,440 | 2,938 | 2,057 |
| 4 | 58,379 | 3,094 | 2,166 |
| 5 | 61,473 | 3,258 | 2,281 |
| 6 | 64,731 | 3,431 | 2,402 |
| 7 | 68,162 | 3,613 | 2,529 |
| 8 | 71,774 | 3,804 | 2,663 |
| 9 | 75,578 | 4,006 | 2,804 |
| 10 | 79,584 | 4,218 | 2,953 |
| 11 | 83,802 | 4,441 | 3,109 |
| 12 | 88,243 | 4,677 | 3,274 |
| 13 | 92,920 | 4,925 | 3,447 |
| 14 | 97,845 | 5,186 | 3,630 |
| 15 | 103,031 | 5,461 | 3,822 |
| 16 | 108,491 | 5,750 | 4,025 |
| 17 | 114,242 | 6,055 | 4,238 |
| 18 | 120,296 | 6,376 | 4,463 |
| 19 | 126,672 | 6,714 | 4,700 |
| 20 | 133,386 | 7,069 | 4,949 |
| TOTAL | $90,455 | $63,319 |
| Year | Rate 4.25% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,125 | 1,488 |
| 2 | 52,125 | 2,215 | 1,551 |
| 3 | 54,340 | 2,309 | 1,617 |
| 4 | 56,650 | 2,408 | 1,685 |
| 5 | 59,057 | 2,510 | 1,757 |
| 6 | 61,567 | 2,617 | 1,832 |
| 7 | 64,184 | 2,728 | 1,909 |
| 8 | 66,912 | 2,844 | 1,991 |
| 9 | 69,756 | 2,965 | 2,075 |
| 10 | 72,720 | 3,091 | 2,163 |
| 11 | 75,811 | 3,222 | 2,255 |
| 12 | 79,033 | 3,359 | 2,351 |
| 13 | 82,392 | 3,502 | 2,451 |
| 14 | 85,893 | 3,650 | 2,555 |
| 15 | 89,544 | 3,806 | 2,664 |
| 16 | 93,349 | 3,967 | 2,777 |
| 17 | 97,317 | 4,136 | 2,895 |
| 18 | 101,453 | 4,312 | 3,018 |
| 19 | 105,764 | 4,495 | 3,146 |
| 20 | 110,259 | 4,686 | 3,280 |
| TOTAL | $64,945 | $45,462 |
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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