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 2.84% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,420 | 994 |
| 2 | 51,420 | 1,460 | 1,022 |
| 3 | 52,879 | 1,501 | 1,051 |
| 4 | 54,381 | 1,544 | 1,081 |
| 5 | 55,924 | 1,588 | 1,111 |
| 6 | 57,512 | 1,633 | 1,143 |
| 7 | 59,145 | 1,679 | 1,175 |
| 8 | 60,824 | 1,727 | 1,209 |
| 9 | 62,551 | 1,776 | 1,243 |
| 10 | 64,327 | 1,826 | 1,278 |
| 11 | 66,153 | 1,878 | 1,315 |
| 12 | 68,031 | 1,931 | 1,352 |
| 13 | 69,962 | 1,986 | 1,390 |
| 14 | 71,949 | 2,043 | 1,430 |
| 15 | 73,991 | 2,101 | 1,470 |
| 16 | 76,092 | 2,160 | 1,512 |
| 17 | 78,252 | 2,222 | 1,555 |
| 18 | 80,474 | 2,285 | 1,599 |
| 19 | 82,758 | 2,350 | 1,645 |
| 20 | 85,108 | 2,416 | 1,691 |
| TOTAL | $37,524 | $26,267 |
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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|
|
5.50% |
$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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