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 2.96% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,478 | 1,035 |
| 2 | 51,478 | 1,522 | 1,065 |
| 3 | 53,000 | 1,567 | 1,097 |
| 4 | 54,566 | 1,613 | 1,129 |
| 5 | 56,179 | 1,661 | 1,162 |
| 6 | 57,840 | 1,710 | 1,197 |
| 7 | 59,550 | 1,760 | 1,232 |
| 8 | 61,310 | 1,812 | 1,269 |
| 9 | 63,122 | 1,866 | 1,306 |
| 10 | 64,988 | 1,921 | 1,345 |
| 11 | 66,909 | 1,978 | 1,384 |
| 12 | 68,887 | 2,036 | 1,425 |
| 13 | 70,923 | 2,096 | 1,468 |
| 14 | 73,020 | 2,158 | 1,511 |
| 15 | 75,178 | 2,222 | 1,556 |
| 16 | 77,401 | 2,288 | 1,602 |
| 17 | 79,689 | 2,356 | 1,649 |
| 18 | 82,044 | 2,425 | 1,698 |
| 19 | 84,469 | 2,497 | 1,748 |
| 20 | 86,966 | 2,571 | 1,800 |
| TOTAL | $39,537 | $27,676 |
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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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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