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 5.50% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,750 | 1,925 |
| 2 | 52,750 | 2,901 | 2,031 |
| 3 | 55,651 | 3,061 | 2,143 |
| 4 | 58,712 | 3,229 | 2,260 |
| 5 | 61,941 | 3,407 | 2,385 |
| 6 | 65,348 | 3,594 | 2,516 |
| 7 | 68,942 | 3,792 | 2,654 |
| 8 | 72,734 | 4,000 | 2,800 |
| 9 | 76,734 | 4,220 | 2,954 |
| 10 | 80,955 | 4,453 | 3,117 |
| 11 | 85,407 | 4,697 | 3,288 |
| 12 | 90,105 | 4,956 | 3,469 |
| 13 | 95,060 | 5,228 | 3,660 |
| 14 | 100,289 | 5,516 | 3,861 |
| 15 | 105,805 | 5,819 | 4,073 |
| 16 | 111,624 | 6,139 | 4,298 |
| 17 | 117,763 | 6,477 | 4,534 |
| 18 | 124,240 | 6,833 | 4,783 |
| 19 | 131,073 | 7,209 | 5,046 |
| 20 | 138,282 | 7,606 | 5,324 |
| TOTAL | $95,888 | $67,122 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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|
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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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