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 4.90% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,450 | 1,715 |
| 2 | 52,450 | 2,570 | 1,799 |
| 3 | 55,020 | 2,696 | 1,887 |
| 4 | 57,716 | 2,828 | 1,980 |
| 5 | 60,544 | 2,967 | 2,077 |
| 6 | 63,511 | 3,112 | 2,178 |
| 7 | 66,623 | 3,265 | 2,285 |
| 8 | 69,887 | 3,424 | 2,397 |
| 9 | 73,312 | 3,592 | 2,515 |
| 10 | 76,904 | 3,768 | 2,638 |
| 11 | 80,672 | 3,953 | 2,767 |
| 12 | 84,625 | 4,147 | 2,903 |
| 13 | 88,772 | 4,350 | 3,045 |
| 14 | 93,122 | 4,563 | 3,194 |
| 15 | 97,685 | 4,787 | 3,351 |
| 16 | 102,471 | 5,021 | 3,515 |
| 17 | 107,492 | 5,267 | 3,687 |
| 18 | 112,760 | 5,525 | 3,868 |
| 19 | 118,285 | 5,796 | 4,057 |
| 20 | 124,081 | 6,080 | 4,256 |
| TOTAL | $80,161 | $56,112 |
| Year | Rate 5.15% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,575 | 1,803 |
| 2 | 52,575 | 2,708 | 1,895 |
| 3 | 55,283 | 2,847 | 1,993 |
| 4 | 58,130 | 2,994 | 2,096 |
| 5 | 61,123 | 3,148 | 2,203 |
| 6 | 64,271 | 3,310 | 2,317 |
| 7 | 67,581 | 3,480 | 2,436 |
| 8 | 71,062 | 3,660 | 2,562 |
| 9 | 74,721 | 3,848 | 2,694 |
| 10 | 78,569 | 4,046 | 2,832 |
| 11 | 82,616 | 4,255 | 2,978 |
| 12 | 86,870 | 4,474 | 3,132 |
| 13 | 91,344 | 4,704 | 3,293 |
| 14 | 96,049 | 4,946 | 3,463 |
| 15 | 100,995 | 5,201 | 3,641 |
| 16 | 106,196 | 5,469 | 3,828 |
| 17 | 111,665 | 5,751 | 4,026 |
| 18 | 117,416 | 6,047 | 4,233 |
| 19 | 123,463 | 6,358 | 4,451 |
| 20 | 129,821 | 6,686 | 4,680 |
| TOTAL | $86,507 | $60,555 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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|
|
4.45% |
$1,500 |
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Last change: ↑0.10% on July 13. |
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|
|
4.45% |
$50,000 |
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|
Last change: ↓0.05% on August 2. |
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|
|
4.45% |
$50,000 |
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Last change: ↓0.05% on April 30. |
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