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 0.88% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 440 | 308 |
| 2 | 50,440 | 443 | 310 |
| 3 | 50,883 | 447 | 313 |
| 4 | 51,330 | 451 | 316 |
| 5 | 51,781 | 455 | 319 |
| 6 | 52,236 | 459 | 321 |
| 7 | 52,696 | 463 | 324 |
| 8 | 53,159 | 467 | 327 |
| 9 | 53,626 | 471 | 330 |
| 10 | 54,097 | 476 | 333 |
| 11 | 54,573 | 480 | 336 |
| 12 | 55,053 | 484 | 339 |
| 13 | 55,537 | 488 | 342 |
| 14 | 56,025 | 492 | 345 |
| 15 | 56,517 | 497 | 348 |
| 16 | 57,014 | 501 | 351 |
| 17 | 57,515 | 506 | 354 |
| 18 | 58,021 | 510 | 357 |
| 19 | 58,531 | 514 | 360 |
| 20 | 59,045 | 519 | 363 |
| TOTAL | $9,564 | $6,695 |
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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|
|
4.90% |
$500 |
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|
Last change: ↓0.05% on September 27. |
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|
|
4.80% |
$50,000 |
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|
Last change: ↑0.20% on October 28. |
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