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 4.75% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,375 | 1,663 |
| 2 | 52,375 | 2,488 | 1,741 |
| 3 | 54,863 | 2,606 | 1,824 |
| 4 | 57,469 | 2,730 | 1,911 |
| 5 | 60,199 | 2,859 | 2,002 |
| 6 | 63,058 | 2,995 | 2,097 |
| 7 | 66,053 | 3,138 | 2,196 |
| 8 | 69,191 | 3,287 | 2,301 |
| 9 | 72,477 | 3,443 | 2,410 |
| 10 | 75,920 | 3,606 | 2,524 |
| 11 | 79,526 | 3,777 | 2,644 |
| 12 | 83,304 | 3,957 | 2,770 |
| 13 | 87,261 | 4,145 | 2,901 |
| 14 | 91,406 | 4,342 | 3,039 |
| 15 | 95,747 | 4,548 | 3,184 |
| 16 | 100,295 | 4,764 | 3,335 |
| 17 | 105,059 | 4,990 | 3,493 |
| 18 | 110,050 | 5,227 | 3,659 |
| 19 | 115,277 | 5,476 | 3,833 |
| 20 | 120,753 | 5,736 | 4,015 |
| TOTAL | $76,488 | $53,542 |
| Year | Rate 5.01% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,505 | 1,754 |
| 2 | 52,505 | 2,631 | 1,841 |
| 3 | 55,136 | 2,762 | 1,934 |
| 4 | 57,898 | 2,901 | 2,030 |
| 5 | 60,798 | 3,046 | 2,132 |
| 6 | 63,844 | 3,199 | 2,239 |
| 7 | 67,043 | 3,359 | 2,351 |
| 8 | 70,402 | 3,527 | 2,469 |
| 9 | 73,929 | 3,704 | 2,593 |
| 10 | 77,633 | 3,889 | 2,723 |
| 11 | 81,522 | 4,084 | 2,859 |
| 12 | 85,607 | 4,289 | 3,002 |
| 13 | 89,895 | 4,504 | 3,153 |
| 14 | 94,399 | 4,729 | 3,311 |
| 15 | 99,129 | 4,966 | 3,476 |
| 16 | 104,095 | 5,215 | 3,651 |
| 17 | 109,310 | 5,476 | 3,834 |
| 18 | 114,787 | 5,751 | 4,026 |
| 19 | 120,537 | 6,039 | 4,227 |
| 20 | 126,576 | 6,341 | 4,439 |
| TOTAL | $82,918 | $58,042 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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|
4.50% |
$50,000 |
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Last change: ↑0.20% on April 9. |
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