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 3.07% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,535 | 1,075 |
| 2 | 51,535 | 1,582 | 1,107 |
| 3 | 53,117 | 1,631 | 1,141 |
| 4 | 54,748 | 1,681 | 1,177 |
| 5 | 56,429 | 1,732 | 1,213 |
| 6 | 58,161 | 1,786 | 1,250 |
| 7 | 59,946 | 1,840 | 1,288 |
| 8 | 61,787 | 1,897 | 1,328 |
| 9 | 63,684 | 1,955 | 1,369 |
| 10 | 65,639 | 2,015 | 1,411 |
| 11 | 67,654 | 2,077 | 1,454 |
| 12 | 69,731 | 2,141 | 1,499 |
| 13 | 71,872 | 2,206 | 1,545 |
| 14 | 74,078 | 2,274 | 1,592 |
| 15 | 76,352 | 2,344 | 1,641 |
| 16 | 78,696 | 2,416 | 1,691 |
| 17 | 81,112 | 2,490 | 1,743 |
| 18 | 83,602 | 2,567 | 1,797 |
| 19 | 86,169 | 2,645 | 1,852 |
| 20 | 88,814 | 2,727 | 1,909 |
| TOTAL | $41,541 | $29,079 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.55% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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4.51% |
$1,000 |
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Last change: ↑0.06% on June 24. |
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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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4.49% |
$1,000 |
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Last change: ↑0.34% on May 27. |
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