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 3.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,500 | 1,050 |
| 2 | 51,500 | 1,545 | 1,082 |
| 3 | 53,045 | 1,591 | 1,114 |
| 4 | 54,636 | 1,639 | 1,147 |
| 5 | 56,275 | 1,688 | 1,182 |
| 6 | 57,964 | 1,739 | 1,217 |
| 7 | 59,703 | 1,791 | 1,254 |
| 8 | 61,494 | 1,845 | 1,291 |
| 9 | 63,339 | 1,900 | 1,330 |
| 10 | 65,239 | 1,957 | 1,370 |
| 11 | 67,196 | 2,016 | 1,411 |
| 12 | 69,212 | 2,076 | 1,453 |
| 13 | 71,288 | 2,139 | 1,497 |
| 14 | 73,427 | 2,203 | 1,542 |
| 15 | 75,629 | 2,269 | 1,588 |
| 16 | 77,898 | 2,337 | 1,636 |
| 17 | 80,235 | 2,407 | 1,685 |
| 18 | 82,642 | 2,479 | 1,735 |
| 19 | 85,122 | 2,554 | 1,788 |
| 20 | 87,675 | 2,630 | 1,841 |
| TOTAL | $40,306 | $28,214 |
| 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 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.60% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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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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|
|
4.51% |
$25,000 |
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Last change: ↓0.10% on February 17. |
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|
4.50% |
$25,000 |
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Last change: ↓0.85% on August 7, 2024. |
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