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 | 442 | 309 |
| 2 | 50,442 | 446 | 312 |
| 3 | 50,888 | 450 | 315 |
| 4 | 51,338 | 454 | 318 |
| 5 | 51,792 | 458 | 320 |
| 6 | 52,249 | 462 | 323 |
| 7 | 52,711 | 466 | 326 |
| 8 | 53,177 | 470 | 329 |
| 9 | 53,647 | 474 | 332 |
| 10 | 54,122 | 478 | 335 |
| 11 | 54,600 | 483 | 338 |
| 12 | 55,083 | 487 | 341 |
| 13 | 55,570 | 491 | 344 |
| 14 | 56,061 | 496 | 347 |
| 15 | 56,556 | 500 | 350 |
| 16 | 57,056 | 504 | 353 |
| 17 | 57,561 | 509 | 356 |
| 18 | 58,070 | 513 | 359 |
| 19 | 58,583 | 518 | 363 |
| 20 | 59,101 | 522 | 366 |
| TOTAL | $9,623 | $6,736 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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|
|
4.80% |
$50,000 |
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|
Last change: ↓0.09% on December 7. |
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|
|
4.75% |
$50,000 |
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|
Last change: ↑0.25% on November 25. |
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|
|
4.70% |
$1,000 |
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|
Last change: ↑0.70% on December 7. |
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