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 3.75% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,875 | 1,313 |
| 2 | 51,875 | 1,945 | 1,362 |
| 3 | 53,820 | 2,018 | 1,413 |
| 4 | 55,839 | 2,094 | 1,466 |
| 5 | 57,933 | 2,172 | 1,521 |
| 6 | 60,105 | 2,254 | 1,578 |
| 7 | 62,359 | 2,338 | 1,637 |
| 8 | 64,697 | 2,426 | 1,698 |
| 9 | 67,124 | 2,517 | 1,762 |
| 10 | 69,641 | 2,612 | 1,828 |
| 11 | 72,252 | 2,709 | 1,897 |
| 12 | 74,962 | 2,811 | 1,968 |
| 13 | 77,773 | 2,916 | 2,042 |
| 14 | 80,689 | 3,026 | 2,118 |
| 15 | 83,715 | 3,139 | 2,198 |
| 16 | 86,854 | 3,257 | 2,280 |
| 17 | 90,111 | 3,379 | 2,365 |
| 18 | 93,491 | 3,506 | 2,454 |
| 19 | 96,996 | 3,637 | 2,546 |
| 20 | 100,634 | 3,774 | 2,642 |
| TOTAL | $54,408 | $38,085 |
| Year | Rate 0.70% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 350 | 245 |
| 2 | 50,350 | 352 | 247 |
| 3 | 50,702 | 355 | 248 |
| 4 | 51,057 | 357 | 250 |
| 5 | 51,415 | 360 | 252 |
| 6 | 51,775 | 362 | 254 |
| 7 | 52,137 | 365 | 255 |
| 8 | 52,502 | 368 | 257 |
| 9 | 52,870 | 370 | 259 |
| 10 | 53,240 | 373 | 261 |
| 11 | 53,612 | 375 | 263 |
| 12 | 53,988 | 378 | 265 |
| 13 | 54,366 | 381 | 266 |
| 14 | 54,746 | 383 | 268 |
| 15 | 55,129 | 386 | 270 |
| 16 | 55,515 | 389 | 272 |
| 17 | 55,904 | 391 | 274 |
| 18 | 56,295 | 394 | 276 |
| 19 | 56,689 | 397 | 278 |
| 20 | 57,086 | 400 | 280 |
| TOTAL | $7,486 | $5,240 |
| Year | Rate 2.02% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,009 | 706 |
| 2 | 51,009 | 1,029 | 721 |
| 3 | 52,038 | 1,050 | 735 |
| 4 | 53,088 | 1,071 | 750 |
| 5 | 54,160 | 1,093 | 765 |
| 6 | 55,253 | 1,115 | 781 |
| 7 | 56,368 | 1,138 | 796 |
| 8 | 57,505 | 1,160 | 812 |
| 9 | 58,666 | 1,184 | 829 |
| 10 | 59,850 | 1,208 | 845 |
| 11 | 61,057 | 1,232 | 862 |
| 12 | 62,290 | 1,257 | 880 |
| 13 | 63,547 | 1,282 | 898 |
| 14 | 64,829 | 1,308 | 916 |
| 15 | 66,137 | 1,335 | 934 |
| 16 | 67,472 | 1,362 | 953 |
| 17 | 68,833 | 1,389 | 972 |
| 18 | 70,222 | 1,417 | 992 |
| 19 | 71,639 | 1,446 | 1,012 |
| 20 | 73,085 | 1,475 | 1,032 |
| TOTAL | $24,560 | $17,192 |
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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