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 | 438 | 307 |
| 2 | 50,438 | 442 | 309 |
| 3 | 50,880 | 446 | 312 |
| 4 | 51,326 | 450 | 315 |
| 5 | 51,775 | 454 | 317 |
| 6 | 52,229 | 458 | 320 |
| 7 | 52,686 | 462 | 323 |
| 8 | 53,148 | 466 | 326 |
| 9 | 53,613 | 470 | 329 |
| 10 | 54,083 | 474 | 332 |
| 11 | 54,557 | 478 | 335 |
| 12 | 55,035 | 482 | 337 |
| 13 | 55,517 | 486 | 340 |
| 14 | 56,003 | 491 | 343 |
| 15 | 56,494 | 495 | 346 |
| 16 | 56,989 | 499 | 349 |
| 17 | 57,488 | 504 | 353 |
| 18 | 57,991 | 508 | 356 |
| 19 | 58,499 | 512 | 359 |
| 20 | 59,012 | 517 | 362 |
| TOTAL | $9,529 | $6,670 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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|
|
5.50% |
$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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|
|
5.49% |
$50,000 |
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|
Last change: ↑0.09% on March 12. |
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