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 5.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,500 | 1,750 |
| 2 | 52,500 | 2,625 | 1,838 |
| 3 | 55,125 | 2,756 | 1,929 |
| 4 | 57,881 | 2,894 | 2,026 |
| 5 | 60,775 | 3,039 | 2,127 |
| 6 | 63,814 | 3,191 | 2,233 |
| 7 | 67,005 | 3,350 | 2,345 |
| 8 | 70,355 | 3,518 | 2,462 |
| 9 | 73,873 | 3,694 | 2,586 |
| 10 | 77,566 | 3,878 | 2,715 |
| 11 | 81,445 | 4,072 | 2,851 |
| 12 | 85,517 | 4,276 | 2,993 |
| 13 | 89,793 | 4,490 | 3,143 |
| 14 | 94,282 | 4,714 | 3,300 |
| 15 | 98,997 | 4,950 | 3,465 |
| 16 | 103,946 | 5,197 | 3,638 |
| 17 | 109,144 | 5,457 | 3,820 |
| 18 | 114,601 | 5,730 | 4,011 |
| 19 | 120,331 | 6,017 | 4,212 |
| 20 | 126,348 | 6,317 | 4,422 |
| TOTAL | $82,665 | $57,865 |
| Year | Rate 3.29% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,645 | 1,152 |
| 2 | 51,645 | 1,699 | 1,189 |
| 3 | 53,344 | 1,755 | 1,229 |
| 4 | 55,099 | 1,813 | 1,269 |
| 5 | 56,912 | 1,872 | 1,311 |
| 6 | 58,784 | 1,934 | 1,354 |
| 7 | 60,718 | 1,998 | 1,398 |
| 8 | 62,716 | 2,063 | 1,444 |
| 9 | 64,779 | 2,131 | 1,492 |
| 10 | 66,911 | 2,201 | 1,541 |
| 11 | 69,112 | 2,274 | 1,592 |
| 12 | 71,386 | 2,349 | 1,644 |
| 13 | 73,734 | 2,426 | 1,698 |
| 14 | 76,160 | 2,506 | 1,754 |
| 15 | 78,666 | 2,588 | 1,812 |
| 16 | 81,254 | 2,673 | 1,871 |
| 17 | 83,927 | 2,761 | 1,933 |
| 18 | 86,688 | 2,852 | 1,996 |
| 19 | 89,540 | 2,946 | 2,062 |
| 20 | 92,486 | 3,043 | 2,130 |
| TOTAL | $45,529 | $31,870 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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|
4.50% |
$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% |
$50,000 |
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Last change: ↑0.20% on April 9. |
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