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 1.11% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 555 | 389 |
| 2 | 50,555 | 561 | 393 |
| 3 | 51,116 | 567 | 397 |
| 4 | 51,684 | 574 | 402 |
| 5 | 52,257 | 580 | 406 |
| 6 | 52,837 | 586 | 411 |
| 7 | 53,424 | 593 | 415 |
| 8 | 54,017 | 600 | 420 |
| 9 | 54,616 | 606 | 424 |
| 10 | 55,223 | 613 | 429 |
| 11 | 55,836 | 620 | 434 |
| 12 | 56,455 | 627 | 439 |
| 13 | 57,082 | 634 | 444 |
| 14 | 57,716 | 641 | 448 |
| 15 | 58,356 | 648 | 453 |
| 16 | 59,004 | 655 | 458 |
| 17 | 59,659 | 662 | 464 |
| 18 | 60,321 | 670 | 469 |
| 19 | 60,991 | 677 | 474 |
| 20 | 61,668 | 685 | 479 |
| TOTAL | $12,352 | $8,647 |
| Year | Rate 3.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,500 | 1,050 |
| 2 | 51,500 | 1,545 | 1,082 |
| 3 | 53,045 | 1,591 | 1,114 |
| 4 | 54,636 | 1,639 | 1,147 |
| 5 | 56,275 | 1,688 | 1,182 |
| 6 | 57,964 | 1,739 | 1,217 |
| 7 | 59,703 | 1,791 | 1,254 |
| 8 | 61,494 | 1,845 | 1,291 |
| 9 | 63,339 | 1,900 | 1,330 |
| 10 | 65,239 | 1,957 | 1,370 |
| 11 | 67,196 | 2,016 | 1,411 |
| 12 | 69,212 | 2,076 | 1,453 |
| 13 | 71,288 | 2,139 | 1,497 |
| 14 | 73,427 | 2,203 | 1,542 |
| 15 | 75,629 | 2,269 | 1,588 |
| 16 | 77,898 | 2,337 | 1,636 |
| 17 | 80,235 | 2,407 | 1,685 |
| 18 | 82,642 | 2,479 | 1,735 |
| 19 | 85,122 | 2,554 | 1,788 |
| 20 | 87,675 | 2,630 | 1,841 |
| TOTAL | $40,306 | $28,214 |
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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