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 2.80% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,400 | 980 |
| 2 | 51,400 | 1,439 | 1,007 |
| 3 | 52,839 | 1,479 | 1,036 |
| 4 | 54,319 | 1,521 | 1,065 |
| 5 | 55,840 | 1,564 | 1,094 |
| 6 | 57,403 | 1,607 | 1,125 |
| 7 | 59,010 | 1,652 | 1,157 |
| 8 | 60,663 | 1,699 | 1,189 |
| 9 | 62,361 | 1,746 | 1,222 |
| 10 | 64,107 | 1,795 | 1,257 |
| 11 | 65,902 | 1,845 | 1,292 |
| 12 | 67,748 | 1,897 | 1,328 |
| 13 | 69,645 | 1,950 | 1,365 |
| 14 | 71,595 | 2,005 | 1,403 |
| 15 | 73,599 | 2,061 | 1,443 |
| 16 | 75,660 | 2,118 | 1,483 |
| 17 | 77,779 | 2,178 | 1,524 |
| 18 | 79,956 | 2,239 | 1,567 |
| 19 | 82,195 | 2,301 | 1,611 |
| 20 | 84,497 | 2,366 | 1,656 |
| TOTAL | $36,862 | $25,804 |
| Year | Rate 4.20% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,100 | 1,470 |
| 2 | 52,100 | 2,188 | 1,532 |
| 3 | 54,288 | 2,280 | 1,596 |
| 4 | 56,568 | 2,376 | 1,663 |
| 5 | 58,944 | 2,476 | 1,733 |
| 6 | 61,420 | 2,580 | 1,806 |
| 7 | 63,999 | 2,688 | 1,882 |
| 8 | 66,687 | 2,801 | 1,961 |
| 9 | 69,488 | 2,919 | 2,043 |
| 10 | 72,407 | 3,041 | 2,129 |
| 11 | 75,448 | 3,169 | 2,218 |
| 12 | 78,617 | 3,302 | 2,311 |
| 13 | 81,919 | 3,441 | 2,408 |
| 14 | 85,359 | 3,585 | 2,510 |
| 15 | 88,944 | 3,736 | 2,615 |
| 16 | 92,680 | 3,893 | 2,725 |
| 17 | 96,573 | 4,056 | 2,839 |
| 18 | 100,629 | 4,226 | 2,958 |
| 19 | 104,855 | 4,404 | 3,083 |
| 20 | 109,259 | 4,589 | 3,212 |
| TOTAL | $63,848 | $44,693 |
| Year | Rate 1.51% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 755 | 529 |
| 2 | 50,755 | 766 | 536 |
| 3 | 51,521 | 778 | 545 |
| 4 | 52,299 | 790 | 553 |
| 5 | 53,089 | 802 | 561 |
| 6 | 53,891 | 814 | 570 |
| 7 | 54,704 | 826 | 578 |
| 8 | 55,531 | 839 | 587 |
| 9 | 56,369 | 851 | 596 |
| 10 | 57,220 | 864 | 605 |
| 11 | 58,084 | 877 | 614 |
| 12 | 58,961 | 890 | 623 |
| 13 | 59,852 | 904 | 633 |
| 14 | 60,755 | 917 | 642 |
| 15 | 61,673 | 931 | 652 |
| 16 | 62,604 | 945 | 662 |
| 17 | 63,549 | 960 | 672 |
| 18 | 64,509 | 974 | 682 |
| 19 | 65,483 | 989 | 692 |
| 20 | 66,472 | 1,004 | 703 |
| TOTAL | $17,476 | $12,233 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$5,000 |
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Last change: ↑0.15% on March 22. |
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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% |
$500 |
Learn More | |
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Last change: ↓0.50% on February 25. |
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