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 5.25% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,625 | 1,838 |
| 2 | 52,625 | 2,763 | 1,934 |
| 3 | 55,388 | 2,908 | 2,036 |
| 4 | 58,296 | 3,061 | 2,142 |
| 5 | 61,356 | 3,221 | 2,255 |
| 6 | 64,577 | 3,390 | 2,373 |
| 7 | 67,968 | 3,568 | 2,498 |
| 8 | 71,536 | 3,756 | 2,629 |
| 9 | 75,292 | 3,953 | 2,767 |
| 10 | 79,244 | 4,160 | 2,912 |
| 11 | 83,405 | 4,379 | 3,065 |
| 12 | 87,784 | 4,609 | 3,226 |
| 13 | 92,392 | 4,851 | 3,395 |
| 14 | 97,243 | 5,105 | 3,574 |
| 15 | 102,348 | 5,373 | 3,761 |
| 16 | 107,721 | 5,655 | 3,959 |
| 17 | 113,377 | 5,952 | 4,167 |
| 18 | 119,329 | 6,265 | 4,385 |
| 19 | 125,594 | 6,594 | 4,616 |
| 20 | 132,187 | 6,940 | 4,858 |
| TOTAL | $89,127 | $62,389 |
| Year | Rate 2.25% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,125 | 788 |
| 2 | 51,125 | 1,150 | 805 |
| 3 | 52,275 | 1,176 | 823 |
| 4 | 53,452 | 1,203 | 842 |
| 5 | 54,654 | 1,230 | 861 |
| 6 | 55,884 | 1,257 | 880 |
| 7 | 57,141 | 1,286 | 900 |
| 8 | 58,427 | 1,315 | 920 |
| 9 | 59,742 | 1,344 | 941 |
| 10 | 61,086 | 1,374 | 962 |
| 11 | 62,460 | 1,405 | 984 |
| 12 | 63,866 | 1,437 | 1,006 |
| 13 | 65,302 | 1,469 | 1,029 |
| 14 | 66,772 | 1,502 | 1,052 |
| 15 | 68,274 | 1,536 | 1,075 |
| 16 | 69,810 | 1,571 | 1,100 |
| 17 | 71,381 | 1,606 | 1,124 |
| 18 | 72,987 | 1,642 | 1,150 |
| 19 | 74,629 | 1,679 | 1,175 |
| 20 | 76,309 | 1,717 | 1,202 |
| TOTAL | $28,025 | $19,618 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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 |
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Last change: ↓0.50% on February 25. |
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