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 1.11% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 553 | 387 |
| 2 | 50,553 | 559 | 391 |
| 3 | 51,112 | 565 | 396 |
| 4 | 51,677 | 572 | 400 |
| 5 | 52,249 | 578 | 405 |
| 6 | 52,827 | 584 | 409 |
| 7 | 53,411 | 591 | 414 |
| 8 | 54,002 | 597 | 418 |
| 9 | 54,599 | 604 | 423 |
| 10 | 55,203 | 611 | 427 |
| 11 | 55,814 | 617 | 432 |
| 12 | 56,431 | 624 | 437 |
| 13 | 57,055 | 631 | 442 |
| 14 | 57,686 | 638 | 447 |
| 15 | 58,324 | 645 | 452 |
| 16 | 58,969 | 652 | 457 |
| 17 | 59,621 | 659 | 462 |
| 18 | 60,281 | 667 | 467 |
| 19 | 60,947 | 674 | 472 |
| 20 | 61,621 | 682 | 477 |
| TOTAL | $12,303 | $8,612 |
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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