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 0.84% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 422 | 295 |
| 2 | 50,422 | 425 | 298 |
| 3 | 50,847 | 429 | 300 |
| 4 | 51,275 | 432 | 303 |
| 5 | 51,707 | 436 | 305 |
| 6 | 52,143 | 440 | 308 |
| 7 | 52,583 | 443 | 310 |
| 8 | 53,026 | 447 | 313 |
| 9 | 53,473 | 451 | 316 |
| 10 | 53,924 | 455 | 318 |
| 11 | 54,379 | 458 | 321 |
| 12 | 54,837 | 462 | 324 |
| 13 | 55,299 | 466 | 326 |
| 14 | 55,765 | 470 | 329 |
| 15 | 56,236 | 474 | 332 |
| 16 | 56,710 | 478 | 335 |
| 17 | 57,188 | 482 | 337 |
| 18 | 57,670 | 486 | 340 |
| 19 | 58,156 | 490 | 343 |
| 20 | 58,646 | 494 | 346 |
| TOTAL | $9,141 | $6,398 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
5.00% |
$50,000 |
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Last change: ↑0.25% on October 28. |
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|
|
5.00% |
$500 |
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Last change: ↑3.00% on August 7. |
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|
4.91% |
$25,000 |
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Last change: ↓0.09% on October 17. |
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|
|
4.90% |
$10,000 |
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Last change: ↓0.15% on September 6. |
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|
|
4.90% |
$500 |
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Last change: ↓0.05% on September 27. |
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