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 2.90% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,450 | 1,015 |
| 2 | 51,450 | 1,492 | 1,044 |
| 3 | 52,942 | 1,535 | 1,075 |
| 4 | 54,477 | 1,580 | 1,106 |
| 5 | 56,057 | 1,626 | 1,138 |
| 6 | 57,683 | 1,673 | 1,171 |
| 7 | 59,356 | 1,721 | 1,205 |
| 8 | 61,077 | 1,771 | 1,240 |
| 9 | 62,848 | 1,823 | 1,276 |
| 10 | 64,671 | 1,875 | 1,313 |
| 11 | 66,546 | 1,930 | 1,351 |
| 12 | 68,476 | 1,986 | 1,390 |
| 13 | 70,462 | 2,043 | 1,430 |
| 14 | 72,505 | 2,103 | 1,472 |
| 15 | 74,608 | 2,164 | 1,515 |
| 16 | 76,772 | 2,226 | 1,558 |
| 17 | 78,998 | 2,291 | 1,604 |
| 18 | 81,289 | 2,357 | 1,650 |
| 19 | 83,646 | 2,426 | 1,698 |
| 20 | 86,072 | 2,496 | 1,747 |
| TOTAL | $38,568 | $26,998 |
| Year | Rate 0.70% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 350 | 245 |
| 2 | 50,350 | 352 | 247 |
| 3 | 50,702 | 355 | 248 |
| 4 | 51,057 | 357 | 250 |
| 5 | 51,415 | 360 | 252 |
| 6 | 51,775 | 362 | 254 |
| 7 | 52,137 | 365 | 255 |
| 8 | 52,502 | 368 | 257 |
| 9 | 52,870 | 370 | 259 |
| 10 | 53,240 | 373 | 261 |
| 11 | 53,612 | 375 | 263 |
| 12 | 53,988 | 378 | 265 |
| 13 | 54,366 | 381 | 266 |
| 14 | 54,746 | 383 | 268 |
| 15 | 55,129 | 386 | 270 |
| 16 | 55,515 | 389 | 272 |
| 17 | 55,904 | 391 | 274 |
| 18 | 56,295 | 394 | 276 |
| 19 | 56,689 | 397 | 278 |
| 20 | 57,086 | 400 | 280 |
| TOTAL | $7,486 | $5,240 |
| Year | Rate 1.12% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 560 | 392 |
| 2 | 50,560 | 566 | 396 |
| 3 | 51,126 | 573 | 401 |
| 4 | 51,699 | 579 | 405 |
| 5 | 52,278 | 586 | 410 |
| 6 | 52,863 | 592 | 414 |
| 7 | 53,455 | 599 | 419 |
| 8 | 54,054 | 605 | 424 |
| 9 | 54,660 | 612 | 429 |
| 10 | 55,272 | 619 | 433 |
| 11 | 55,891 | 626 | 438 |
| 12 | 56,517 | 633 | 443 |
| 13 | 57,150 | 640 | 448 |
| 14 | 57,790 | 647 | 453 |
| 15 | 58,437 | 654 | 458 |
| 16 | 59,092 | 662 | 463 |
| 17 | 59,753 | 669 | 468 |
| 18 | 60,423 | 677 | 474 |
| 19 | 61,099 | 684 | 479 |
| 20 | 61,784 | 692 | 484 |
| TOTAL | $12,476 | $8,733 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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