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 2.18% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,090 | 763 |
| 2 | 51,090 | 1,114 | 780 |
| 3 | 52,204 | 1,138 | 797 |
| 4 | 53,342 | 1,163 | 814 |
| 5 | 54,505 | 1,188 | 832 |
| 6 | 55,693 | 1,214 | 850 |
| 7 | 56,907 | 1,241 | 868 |
| 8 | 58,148 | 1,268 | 887 |
| 9 | 59,415 | 1,295 | 907 |
| 10 | 60,710 | 1,323 | 926 |
| 11 | 62,034 | 1,352 | 947 |
| 12 | 63,386 | 1,382 | 967 |
| 13 | 64,768 | 1,412 | 988 |
| 14 | 66,180 | 1,443 | 1,010 |
| 15 | 67,623 | 1,474 | 1,032 |
| 16 | 69,097 | 1,506 | 1,054 |
| 17 | 70,603 | 1,539 | 1,077 |
| 18 | 72,142 | 1,573 | 1,101 |
| 19 | 73,715 | 1,607 | 1,125 |
| 20 | 75,322 | 1,642 | 1,149 |
| TOTAL | $26,964 | $18,875 |
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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