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 2.84% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,420 | 994 |
| 2 | 51,420 | 1,460 | 1,022 |
| 3 | 52,880 | 1,502 | 1,051 |
| 4 | 54,382 | 1,544 | 1,081 |
| 5 | 55,927 | 1,588 | 1,112 |
| 6 | 57,515 | 1,633 | 1,143 |
| 7 | 59,148 | 1,680 | 1,176 |
| 8 | 60,828 | 1,728 | 1,209 |
| 9 | 62,556 | 1,777 | 1,244 |
| 10 | 64,332 | 1,827 | 1,279 |
| 11 | 66,159 | 1,879 | 1,315 |
| 12 | 68,038 | 1,932 | 1,353 |
| 13 | 69,970 | 1,987 | 1,391 |
| 14 | 71,958 | 2,044 | 1,431 |
| 15 | 74,001 | 2,102 | 1,471 |
| 16 | 76,103 | 2,161 | 1,513 |
| 17 | 78,264 | 2,223 | 1,556 |
| 18 | 80,487 | 2,286 | 1,600 |
| 19 | 82,773 | 2,351 | 1,646 |
| 20 | 85,123 | 2,418 | 1,692 |
| TOTAL | $37,541 | $26,279 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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6.00% |
$5,000 |
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6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%. |
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|
|
5.66% |
$25,000 |
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Last change: ↑0.46% on December 15, 2023. |
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|
|
5.60% |
$500 |
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Last change: ↑0.60% on April 19. |
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|
|
5.50% |
$500 |
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Last change: ↑0.20% on September 8, 2023. |
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|
|
5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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