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 0.60% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 300 | 210 |
| 2 | 50,300 | 302 | 211 |
| 3 | 50,602 | 304 | 213 |
| 4 | 50,905 | 305 | 214 |
| 5 | 51,211 | 307 | 215 |
| 6 | 51,518 | 309 | 216 |
| 7 | 51,827 | 311 | 218 |
| 8 | 52,138 | 313 | 219 |
| 9 | 52,451 | 315 | 220 |
| 10 | 52,766 | 317 | 222 |
| 11 | 53,082 | 318 | 223 |
| 12 | 53,401 | 320 | 224 |
| 13 | 53,721 | 322 | 226 |
| 14 | 54,044 | 324 | 227 |
| 15 | 54,368 | 326 | 228 |
| 16 | 54,694 | 328 | 230 |
| 17 | 55,022 | 330 | 231 |
| 18 | 55,352 | 332 | 232 |
| 19 | 55,684 | 334 | 234 |
| 20 | 56,019 | 336 | 235 |
| TOTAL | $6,355 | $4,448 |
| Year | Rate 0.20% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 100 | 70 |
| 2 | 50,100 | 100 | 70 |
| 3 | 50,200 | 100 | 70 |
| 4 | 50,301 | 101 | 70 |
| 5 | 50,401 | 101 | 71 |
| 6 | 50,502 | 101 | 71 |
| 7 | 50,603 | 101 | 71 |
| 8 | 50,704 | 101 | 71 |
| 9 | 50,806 | 102 | 71 |
| 10 | 50,907 | 102 | 71 |
| 11 | 51,009 | 102 | 71 |
| 12 | 51,111 | 102 | 72 |
| 13 | 51,213 | 102 | 72 |
| 14 | 51,316 | 103 | 72 |
| 15 | 51,418 | 103 | 72 |
| 16 | 51,521 | 103 | 72 |
| 17 | 51,624 | 103 | 72 |
| 18 | 51,727 | 103 | 72 |
| 19 | 51,831 | 104 | 73 |
| 20 | 51,935 | 104 | 73 |
| TOTAL | $2,038 | $1,427 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.60% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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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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