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 2.66% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,330 | 931 |
| 2 | 51,330 | 1,365 | 956 |
| 3 | 52,695 | 1,402 | 981 |
| 4 | 54,097 | 1,439 | 1,007 |
| 5 | 55,536 | 1,477 | 1,034 |
| 6 | 57,013 | 1,517 | 1,062 |
| 7 | 58,530 | 1,557 | 1,090 |
| 8 | 60,087 | 1,598 | 1,119 |
| 9 | 61,685 | 1,641 | 1,149 |
| 10 | 63,326 | 1,684 | 1,179 |
| 11 | 65,010 | 1,729 | 1,210 |
| 12 | 66,740 | 1,775 | 1,243 |
| 13 | 68,515 | 1,822 | 1,276 |
| 14 | 70,337 | 1,871 | 1,310 |
| 15 | 72,208 | 1,921 | 1,345 |
| 16 | 74,129 | 1,972 | 1,380 |
| 17 | 76,101 | 2,024 | 1,417 |
| 18 | 78,125 | 2,078 | 1,455 |
| 19 | 80,203 | 2,133 | 1,493 |
| 20 | 82,337 | 2,190 | 1,533 |
| TOTAL | $34,527 | $24,169 |
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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