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 4.40% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,200 | 1,540 |
| 2 | 52,200 | 2,297 | 1,608 |
| 3 | 54,497 | 2,398 | 1,679 |
| 4 | 56,895 | 2,503 | 1,752 |
| 5 | 59,398 | 2,614 | 1,829 |
| 6 | 62,012 | 2,729 | 1,910 |
| 7 | 64,740 | 2,849 | 1,994 |
| 8 | 67,589 | 2,974 | 2,082 |
| 9 | 70,563 | 3,105 | 2,173 |
| 10 | 73,667 | 3,241 | 2,269 |
| 11 | 76,909 | 3,384 | 2,369 |
| 12 | 80,293 | 3,533 | 2,473 |
| 13 | 83,825 | 3,688 | 2,582 |
| 14 | 87,514 | 3,851 | 2,695 |
| 15 | 91,364 | 4,020 | 2,814 |
| 16 | 95,384 | 4,197 | 2,938 |
| 17 | 99,581 | 4,382 | 3,067 |
| 18 | 103,963 | 4,574 | 3,202 |
| 19 | 108,537 | 4,776 | 3,343 |
| 20 | 113,313 | 4,986 | 3,490 |
| TOTAL | $68,299 | $47,809 |
| Year | Rate 2.80% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,400 | 980 |
| 2 | 51,400 | 1,439 | 1,007 |
| 3 | 52,839 | 1,479 | 1,036 |
| 4 | 54,319 | 1,521 | 1,065 |
| 5 | 55,840 | 1,564 | 1,094 |
| 6 | 57,403 | 1,607 | 1,125 |
| 7 | 59,010 | 1,652 | 1,157 |
| 8 | 60,663 | 1,699 | 1,189 |
| 9 | 62,361 | 1,746 | 1,222 |
| 10 | 64,107 | 1,795 | 1,257 |
| 11 | 65,902 | 1,845 | 1,292 |
| 12 | 67,748 | 1,897 | 1,328 |
| 13 | 69,645 | 1,950 | 1,365 |
| 14 | 71,595 | 2,005 | 1,403 |
| 15 | 73,599 | 2,061 | 1,443 |
| 16 | 75,660 | 2,118 | 1,483 |
| 17 | 77,779 | 2,178 | 1,524 |
| 18 | 79,956 | 2,239 | 1,567 |
| 19 | 82,195 | 2,301 | 1,611 |
| 20 | 84,497 | 2,366 | 1,656 |
| TOTAL | $36,862 | $25,804 |
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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