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 3.60% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,800 | 1,260 |
| 2 | 51,800 | 1,865 | 1,305 |
| 3 | 53,665 | 1,932 | 1,352 |
| 4 | 55,597 | 2,001 | 1,401 |
| 5 | 57,598 | 2,074 | 1,451 |
| 6 | 59,672 | 2,148 | 1,504 |
| 7 | 61,820 | 2,226 | 1,558 |
| 8 | 64,045 | 2,306 | 1,614 |
| 9 | 66,351 | 2,389 | 1,672 |
| 10 | 68,740 | 2,475 | 1,732 |
| 11 | 71,214 | 2,564 | 1,795 |
| 12 | 73,778 | 2,656 | 1,859 |
| 13 | 76,434 | 2,752 | 1,926 |
| 14 | 79,186 | 2,851 | 1,995 |
| 15 | 82,036 | 2,953 | 2,067 |
| 16 | 84,990 | 3,060 | 2,142 |
| 17 | 88,049 | 3,170 | 2,219 |
| 18 | 91,219 | 3,284 | 2,299 |
| 19 | 94,503 | 3,402 | 2,381 |
| 20 | 97,905 | 3,525 | 2,467 |
| TOTAL | $51,430 | $36,001 |
| Year | Rate 4.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,000 | 1,400 |
| 2 | 52,000 | 2,080 | 1,456 |
| 3 | 54,080 | 2,163 | 1,514 |
| 4 | 56,243 | 2,250 | 1,575 |
| 5 | 58,493 | 2,340 | 1,638 |
| 6 | 60,833 | 2,433 | 1,703 |
| 7 | 63,266 | 2,531 | 1,771 |
| 8 | 65,797 | 2,632 | 1,842 |
| 9 | 68,428 | 2,737 | 1,916 |
| 10 | 71,166 | 2,847 | 1,993 |
| 11 | 74,012 | 2,960 | 2,072 |
| 12 | 76,973 | 3,079 | 2,155 |
| 13 | 80,052 | 3,202 | 2,241 |
| 14 | 83,254 | 3,330 | 2,331 |
| 15 | 86,584 | 3,463 | 2,424 |
| 16 | 90,047 | 3,602 | 2,521 |
| 17 | 93,649 | 3,746 | 2,622 |
| 18 | 97,395 | 3,896 | 2,727 |
| 19 | 101,291 | 4,052 | 2,836 |
| 20 | 105,342 | 4,214 | 2,950 |
| TOTAL | $59,556 | $41,689 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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