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 4.71% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,354 | 1,647 |
| 2 | 52,354 | 2,464 | 1,725 |
| 3 | 54,818 | 2,580 | 1,806 |
| 4 | 57,398 | 2,702 | 1,891 |
| 5 | 60,100 | 2,829 | 1,980 |
| 6 | 62,929 | 2,962 | 2,073 |
| 7 | 65,891 | 3,101 | 2,171 |
| 8 | 68,992 | 3,247 | 2,273 |
| 9 | 72,240 | 3,400 | 2,380 |
| 10 | 75,640 | 3,560 | 2,492 |
| 11 | 79,200 | 3,728 | 2,610 |
| 12 | 82,928 | 3,903 | 2,732 |
| 13 | 86,832 | 4,087 | 2,861 |
| 14 | 90,919 | 4,280 | 2,996 |
| 15 | 95,198 | 4,481 | 3,137 |
| 16 | 99,679 | 4,692 | 3,284 |
| 17 | 104,371 | 4,913 | 3,439 |
| 18 | 109,284 | 5,144 | 3,601 |
| 19 | 114,428 | 5,386 | 3,770 |
| 20 | 119,814 | 5,640 | 3,948 |
| TOTAL | $75,454 | $52,818 |
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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|
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5.50% |
$500 |
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Last change: ↑0.20% on September 8, 2023. |
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|
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5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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