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 4.50% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,249 | 1,574 |
| 2 | 52,249 | 2,350 | 1,645 |
| 3 | 54,599 | 2,456 | 1,719 |
| 4 | 57,055 | 2,566 | 1,796 |
| 5 | 59,621 | 2,682 | 1,877 |
| 6 | 62,303 | 2,802 | 1,962 |
| 7 | 65,106 | 2,928 | 2,050 |
| 8 | 68,034 | 3,060 | 2,142 |
| 9 | 71,094 | 3,198 | 2,238 |
| 10 | 74,292 | 3,342 | 2,339 |
| 11 | 77,634 | 3,492 | 2,444 |
| 12 | 81,126 | 3,649 | 2,554 |
| 13 | 84,775 | 3,813 | 2,669 |
| 14 | 88,588 | 3,985 | 2,789 |
| 15 | 92,572 | 4,164 | 2,915 |
| 16 | 96,736 | 4,351 | 3,046 |
| 17 | 101,088 | 4,547 | 3,183 |
| 18 | 105,634 | 4,751 | 3,326 |
| 19 | 110,386 | 4,965 | 3,476 |
| 20 | 115,351 | 5,188 | 3,632 |
| TOTAL | $70,540 | $49,378 |
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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|
|
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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