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 3.50% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,750 | 1,225 |
| 2 | 51,750 | 1,811 | 1,268 |
| 3 | 53,561 | 1,875 | 1,312 |
| 4 | 55,436 | 1,940 | 1,358 |
| 5 | 57,376 | 2,008 | 1,406 |
| 6 | 59,384 | 2,078 | 1,455 |
| 7 | 61,463 | 2,151 | 1,506 |
| 8 | 63,614 | 2,226 | 1,559 |
| 9 | 65,840 | 2,304 | 1,613 |
| 10 | 68,145 | 2,385 | 1,670 |
| 11 | 70,530 | 2,469 | 1,728 |
| 12 | 72,998 | 2,555 | 1,788 |
| 13 | 75,553 | 2,644 | 1,851 |
| 14 | 78,198 | 2,737 | 1,916 |
| 15 | 80,935 | 2,833 | 1,983 |
| 16 | 83,767 | 2,932 | 2,052 |
| 17 | 86,699 | 3,034 | 2,124 |
| 18 | 89,734 | 3,141 | 2,198 |
| 19 | 92,874 | 3,251 | 2,275 |
| 20 | 96,125 | 3,364 | 2,355 |
| TOTAL | $49,489 | $34,643 |
| Year | Rate 4.63% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,315 | 1,621 |
| 2 | 52,315 | 2,422 | 1,696 |
| 3 | 54,737 | 2,534 | 1,774 |
| 4 | 57,272 | 2,652 | 1,856 |
| 5 | 59,923 | 2,774 | 1,942 |
| 6 | 62,698 | 2,903 | 2,032 |
| 7 | 65,601 | 3,037 | 2,126 |
| 8 | 68,638 | 3,178 | 2,225 |
| 9 | 71,816 | 3,325 | 2,328 |
| 10 | 75,141 | 3,479 | 2,435 |
| 11 | 78,620 | 3,640 | 2,548 |
| 12 | 82,260 | 3,809 | 2,666 |
| 13 | 86,069 | 3,985 | 2,789 |
| 14 | 90,054 | 4,169 | 2,919 |
| 15 | 94,223 | 4,363 | 3,054 |
| 16 | 98,586 | 4,565 | 3,195 |
| 17 | 103,150 | 4,776 | 3,343 |
| 18 | 107,926 | 4,997 | 3,498 |
| 19 | 112,923 | 5,228 | 3,660 |
| 20 | 118,151 | 5,470 | 3,829 |
| TOTAL | $73,622 | $51,535 |
| 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 |
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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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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