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 2.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,000 | 700 |
| 2 | 51,000 | 1,020 | 714 |
| 3 | 52,020 | 1,040 | 728 |
| 4 | 53,060 | 1,061 | 743 |
| 5 | 54,122 | 1,082 | 758 |
| 6 | 55,204 | 1,104 | 773 |
| 7 | 56,308 | 1,126 | 788 |
| 8 | 57,434 | 1,149 | 804 |
| 9 | 58,583 | 1,172 | 820 |
| 10 | 59,755 | 1,195 | 837 |
| 11 | 60,950 | 1,219 | 853 |
| 12 | 62,169 | 1,243 | 870 |
| 13 | 63,412 | 1,268 | 888 |
| 14 | 64,680 | 1,294 | 906 |
| 15 | 65,974 | 1,319 | 924 |
| 16 | 67,293 | 1,346 | 942 |
| 17 | 68,639 | 1,373 | 961 |
| 18 | 70,012 | 1,400 | 980 |
| 19 | 71,412 | 1,428 | 1,000 |
| 20 | 72,841 | 1,457 | 1,020 |
| TOTAL | $24,297 | $17,008 |
| Year | Rate 2.02% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,010 | 707 |
| 2 | 51,010 | 1,030 | 721 |
| 3 | 52,040 | 1,051 | 736 |
| 4 | 53,092 | 1,072 | 751 |
| 5 | 54,164 | 1,094 | 766 |
| 6 | 55,258 | 1,116 | 781 |
| 7 | 56,374 | 1,139 | 797 |
| 8 | 57,513 | 1,162 | 813 |
| 9 | 58,675 | 1,185 | 830 |
| 10 | 59,860 | 1,209 | 846 |
| 11 | 61,069 | 1,234 | 864 |
| 12 | 62,303 | 1,259 | 881 |
| 13 | 63,561 | 1,284 | 899 |
| 14 | 64,845 | 1,310 | 917 |
| 15 | 66,155 | 1,336 | 935 |
| 16 | 67,492 | 1,363 | 954 |
| 17 | 68,855 | 1,391 | 974 |
| 18 | 70,246 | 1,419 | 993 |
| 19 | 71,665 | 1,448 | 1,013 |
| 20 | 73,112 | 1,477 | 1,034 |
| TOTAL | $24,589 | $17,212 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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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: ↓0.05% on April 30. |
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|
4.50% |
$50,000 |
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Last change: ↑0.20% on April 9. |
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|
|
4.50% |
$500 |
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Last change: ↓0.50% on February 25. |
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