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 3.19% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,594 | 1,115 |
| 2 | 51,594 | 1,644 | 1,151 |
| 3 | 53,238 | 1,697 | 1,188 |
| 4 | 54,934 | 1,751 | 1,226 |
| 5 | 56,685 | 1,807 | 1,265 |
| 6 | 58,492 | 1,864 | 1,305 |
| 7 | 60,356 | 1,924 | 1,346 |
| 8 | 62,279 | 1,985 | 1,389 |
| 9 | 64,264 | 2,048 | 1,434 |
| 10 | 66,312 | 2,113 | 1,479 |
| 11 | 68,426 | 2,181 | 1,527 |
| 12 | 70,607 | 2,250 | 1,575 |
| 13 | 72,857 | 2,322 | 1,625 |
| 14 | 75,179 | 2,396 | 1,677 |
| 15 | 77,575 | 2,472 | 1,731 |
| 16 | 80,047 | 2,551 | 1,786 |
| 17 | 82,598 | 2,632 | 1,843 |
| 18 | 85,230 | 2,716 | 1,901 |
| 19 | 87,947 | 2,803 | 1,962 |
| 20 | 90,750 | 2,892 | 2,025 |
| TOTAL | $43,642 | $30,549 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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|
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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