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 2.77% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,385 | 969 |
| 2 | 51,385 | 1,423 | 996 |
| 3 | 52,807 | 1,462 | 1,024 |
| 4 | 54,270 | 1,503 | 1,052 |
| 5 | 55,772 | 1,544 | 1,081 |
| 6 | 57,317 | 1,587 | 1,111 |
| 7 | 58,904 | 1,631 | 1,142 |
| 8 | 60,535 | 1,676 | 1,173 |
| 9 | 62,211 | 1,723 | 1,206 |
| 10 | 63,934 | 1,770 | 1,239 |
| 11 | 65,704 | 1,819 | 1,274 |
| 12 | 67,523 | 1,870 | 1,309 |
| 13 | 69,393 | 1,921 | 1,345 |
| 14 | 71,314 | 1,975 | 1,382 |
| 15 | 73,289 | 2,029 | 1,421 |
| 16 | 75,319 | 2,086 | 1,460 |
| 17 | 77,404 | 2,143 | 1,500 |
| 18 | 79,547 | 2,203 | 1,542 |
| 19 | 81,750 | 2,264 | 1,585 |
| 20 | 84,014 | 2,326 | 1,628 |
| TOTAL | $36,340 | $25,438 |
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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|
|
5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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