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 2.87% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,435 | 1,005 |
| 2 | 51,435 | 1,476 | 1,033 |
| 3 | 52,911 | 1,519 | 1,063 |
| 4 | 54,430 | 1,562 | 1,093 |
| 5 | 55,992 | 1,607 | 1,125 |
| 6 | 57,599 | 1,653 | 1,157 |
| 7 | 59,252 | 1,701 | 1,190 |
| 8 | 60,952 | 1,749 | 1,225 |
| 9 | 62,702 | 1,800 | 1,260 |
| 10 | 64,501 | 1,851 | 1,296 |
| 11 | 66,353 | 1,904 | 1,333 |
| 12 | 68,257 | 1,959 | 1,371 |
| 13 | 70,216 | 2,015 | 1,411 |
| 14 | 72,231 | 2,073 | 1,451 |
| 15 | 74,304 | 2,133 | 1,493 |
| 16 | 76,437 | 2,194 | 1,536 |
| 17 | 78,630 | 2,257 | 1,580 |
| 18 | 80,887 | 2,321 | 1,625 |
| 19 | 83,208 | 2,388 | 1,672 |
| 20 | 85,597 | 2,457 | 1,720 |
| TOTAL | $38,053 | $26,637 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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5.00% |
$50,000 |
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Last change: ↑0.25% on October 28. |
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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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4.90% |
$1,000 |
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Last change: ↓0.10% on October 1. |
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