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 1.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 500 | 350 |
| 2 | 50,500 | 505 | 354 |
| 3 | 51,005 | 510 | 357 |
| 4 | 51,515 | 515 | 361 |
| 5 | 52,030 | 520 | 364 |
| 6 | 52,551 | 526 | 368 |
| 7 | 53,076 | 531 | 372 |
| 8 | 53,607 | 536 | 375 |
| 9 | 54,143 | 541 | 379 |
| 10 | 54,684 | 547 | 383 |
| 11 | 55,231 | 552 | 387 |
| 12 | 55,783 | 558 | 390 |
| 13 | 56,341 | 563 | 394 |
| 14 | 56,905 | 569 | 398 |
| 15 | 57,474 | 575 | 402 |
| 16 | 58,048 | 580 | 406 |
| 17 | 58,629 | 586 | 410 |
| 18 | 59,215 | 592 | 415 |
| 19 | 59,807 | 598 | 419 |
| 20 | 60,405 | 604 | 423 |
| TOTAL | $11,010 | $7,707 |
| Year | Rate 2.70% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,350 | 945 |
| 2 | 51,350 | 1,386 | 971 |
| 3 | 52,736 | 1,424 | 997 |
| 4 | 54,160 | 1,462 | 1,024 |
| 5 | 55,623 | 1,502 | 1,051 |
| 6 | 57,124 | 1,542 | 1,080 |
| 7 | 58,667 | 1,584 | 1,109 |
| 8 | 60,251 | 1,627 | 1,139 |
| 9 | 61,878 | 1,671 | 1,169 |
| 10 | 63,548 | 1,716 | 1,201 |
| 11 | 65,264 | 1,762 | 1,233 |
| 12 | 67,026 | 1,810 | 1,267 |
| 13 | 68,836 | 1,859 | 1,301 |
| 14 | 70,695 | 1,909 | 1,336 |
| 15 | 72,603 | 1,960 | 1,372 |
| 16 | 74,564 | 2,013 | 1,409 |
| 17 | 76,577 | 2,068 | 1,447 |
| 18 | 78,644 | 2,123 | 1,486 |
| 19 | 80,768 | 2,181 | 1,527 |
| 20 | 82,948 | 2,240 | 1,568 |
| TOTAL | $35,188 | $24,632 |
| Year | Rate 1.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 500 | 350 |
| 2 | 50,500 | 505 | 354 |
| 3 | 51,005 | 510 | 357 |
| 4 | 51,515 | 515 | 361 |
| 5 | 52,030 | 520 | 364 |
| 6 | 52,551 | 526 | 368 |
| 7 | 53,076 | 531 | 372 |
| 8 | 53,607 | 536 | 375 |
| 9 | 54,143 | 541 | 379 |
| 10 | 54,684 | 547 | 383 |
| 11 | 55,231 | 552 | 387 |
| 12 | 55,783 | 558 | 390 |
| 13 | 56,341 | 563 | 394 |
| 14 | 56,905 | 569 | 398 |
| 15 | 57,474 | 575 | 402 |
| 16 | 58,048 | 580 | 406 |
| 17 | 58,629 | 586 | 410 |
| 18 | 59,215 | 592 | 415 |
| 19 | 59,807 | 598 | 419 |
| 20 | 60,405 | 604 | 423 |
| TOTAL | $11,010 | $7,707 |
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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|
|
4.50% |
$50,000 |
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Last change: ↑0.20% on April 9. |
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|
4.46% |
$50,000 |
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Last change: ↑0.26% on April 9. |
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4.45% |
$1,500 |
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Last change: ↑0.10% on July 13. |
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