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 5.28% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,640 | 1,848 |
| 2 | 52,640 | 2,779 | 1,946 |
| 3 | 55,419 | 2,926 | 2,048 |
| 4 | 58,346 | 3,081 | 2,156 |
| 5 | 61,426 | 3,243 | 2,270 |
| 6 | 64,669 | 3,415 | 2,390 |
| 7 | 68,084 | 3,595 | 2,516 |
| 8 | 71,679 | 3,785 | 2,649 |
| 9 | 75,464 | 3,984 | 2,789 |
| 10 | 79,448 | 4,195 | 2,936 |
| 11 | 83,643 | 4,416 | 3,091 |
| 12 | 88,059 | 4,650 | 3,255 |
| 13 | 92,709 | 4,895 | 3,427 |
| 14 | 97,604 | 5,153 | 3,607 |
| 15 | 102,757 | 5,426 | 3,798 |
| 16 | 108,183 | 5,712 | 3,998 |
| 17 | 113,895 | 6,014 | 4,210 |
| 18 | 119,908 | 6,331 | 4,432 |
| 19 | 126,240 | 6,665 | 4,666 |
| 20 | 132,905 | 7,017 | 4,912 |
| TOTAL | $89,922 | $62,946 |
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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5.00% |
$500 |
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Last change: ↑3.00% on August 7. |
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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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