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 3.56% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,781 | 1,247 |
| 2 | 51,781 | 1,844 | 1,291 |
| 3 | 53,625 | 1,910 | 1,337 |
| 4 | 55,536 | 1,978 | 1,385 |
| 5 | 57,514 | 2,049 | 1,434 |
| 6 | 59,562 | 2,122 | 1,485 |
| 7 | 61,684 | 2,197 | 1,538 |
| 8 | 63,881 | 2,275 | 1,593 |
| 9 | 66,157 | 2,356 | 1,650 |
| 10 | 68,513 | 2,440 | 1,708 |
| 11 | 70,954 | 2,527 | 1,769 |
| 12 | 73,481 | 2,617 | 1,832 |
| 13 | 76,098 | 2,711 | 1,897 |
| 14 | 78,809 | 2,807 | 1,965 |
| 15 | 81,616 | 2,907 | 2,035 |
| 16 | 84,523 | 3,011 | 2,108 |
| 17 | 87,534 | 3,118 | 2,183 |
| 18 | 90,652 | 3,229 | 2,260 |
| 19 | 93,881 | 3,344 | 2,341 |
| 20 | 97,225 | 3,463 | 2,424 |
| TOTAL | $50,688 | $35,482 |
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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