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 2.99% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,495 | 1,047 |
| 2 | 51,495 | 1,540 | 1,078 |
| 3 | 53,035 | 1,586 | 1,110 |
| 4 | 54,620 | 1,633 | 1,143 |
| 5 | 56,254 | 1,682 | 1,177 |
| 6 | 57,936 | 1,732 | 1,213 |
| 7 | 59,668 | 1,784 | 1,249 |
| 8 | 61,452 | 1,837 | 1,286 |
| 9 | 63,289 | 1,892 | 1,325 |
| 10 | 65,182 | 1,949 | 1,364 |
| 11 | 67,131 | 2,007 | 1,405 |
| 12 | 69,138 | 2,067 | 1,447 |
| 13 | 71,205 | 2,129 | 1,490 |
| 14 | 73,334 | 2,193 | 1,535 |
| 15 | 75,527 | 2,258 | 1,581 |
| 16 | 77,785 | 2,326 | 1,628 |
| 17 | 80,111 | 2,395 | 1,677 |
| 18 | 82,506 | 2,467 | 1,727 |
| 19 | 84,973 | 2,541 | 1,778 |
| 20 | 87,514 | 2,617 | 1,832 |
| TOTAL | $40,130 | $28,091 |
| Year | Rate 3.50% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,750 | 1,225 |
| 2 | 51,750 | 1,811 | 1,268 |
| 3 | 53,561 | 1,875 | 1,312 |
| 4 | 55,436 | 1,940 | 1,358 |
| 5 | 57,376 | 2,008 | 1,406 |
| 6 | 59,384 | 2,078 | 1,455 |
| 7 | 61,463 | 2,151 | 1,506 |
| 8 | 63,614 | 2,226 | 1,559 |
| 9 | 65,840 | 2,304 | 1,613 |
| 10 | 68,145 | 2,385 | 1,670 |
| 11 | 70,530 | 2,469 | 1,728 |
| 12 | 72,998 | 2,555 | 1,788 |
| 13 | 75,553 | 2,644 | 1,851 |
| 14 | 78,198 | 2,737 | 1,916 |
| 15 | 80,935 | 2,833 | 1,983 |
| 16 | 83,767 | 2,932 | 2,052 |
| 17 | 86,699 | 3,034 | 2,124 |
| 18 | 89,734 | 3,141 | 2,198 |
| 19 | 92,874 | 3,251 | 2,275 |
| 20 | 96,125 | 3,364 | 2,355 |
| TOTAL | $49,489 | $34,643 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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