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 1.42% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 710 | 497 |
| 2 | 50,710 | 720 | 504 |
| 3 | 51,430 | 730 | 511 |
| 4 | 52,160 | 741 | 518 |
| 5 | 52,901 | 751 | 526 |
| 6 | 53,652 | 762 | 533 |
| 7 | 54,414 | 773 | 541 |
| 8 | 55,187 | 784 | 549 |
| 9 | 55,970 | 795 | 556 |
| 10 | 56,765 | 806 | 564 |
| 11 | 57,571 | 818 | 572 |
| 12 | 58,389 | 829 | 580 |
| 13 | 59,218 | 841 | 589 |
| 14 | 60,059 | 853 | 597 |
| 15 | 60,912 | 865 | 605 |
| 16 | 61,777 | 877 | 614 |
| 17 | 62,654 | 890 | 623 |
| 18 | 63,544 | 902 | 632 |
| 19 | 64,446 | 915 | 641 |
| 20 | 65,361 | 928 | 650 |
| TOTAL | $16,289 | $11,402 |
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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|
|
5.60% |
$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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