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 2.68% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,340 | 938 |
| 2 | 51,340 | 1,376 | 963 |
| 3 | 52,716 | 1,413 | 989 |
| 4 | 54,129 | 1,451 | 1,015 |
| 5 | 55,579 | 1,490 | 1,043 |
| 6 | 57,069 | 1,529 | 1,071 |
| 7 | 58,598 | 1,570 | 1,099 |
| 8 | 60,169 | 1,613 | 1,129 |
| 9 | 61,781 | 1,656 | 1,159 |
| 10 | 63,437 | 1,700 | 1,190 |
| 11 | 65,137 | 1,746 | 1,222 |
| 12 | 66,883 | 1,792 | 1,255 |
| 13 | 68,675 | 1,840 | 1,288 |
| 14 | 70,516 | 1,890 | 1,323 |
| 15 | 72,406 | 1,940 | 1,358 |
| 16 | 74,346 | 1,992 | 1,395 |
| 17 | 76,339 | 2,046 | 1,432 |
| 18 | 78,384 | 2,101 | 1,470 |
| 19 | 80,485 | 2,157 | 1,510 |
| 20 | 82,642 | 2,215 | 1,550 |
| TOTAL | $34,857 | $24,400 |
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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|
|
4.80% |
$50,000 |
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|
Last change: ↑0.20% on October 28. |
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|
|
4.75% |
$1,500 |
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Last change: ↓0.25% on October 16. |
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