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 | 1,780 | 1,246 |
| 2 | 51,780 | 1,843 | 1,290 |
| 3 | 53,623 | 1,909 | 1,336 |
| 4 | 55,532 | 1,977 | 1,384 |
| 5 | 57,509 | 2,047 | 1,433 |
| 6 | 59,557 | 2,120 | 1,484 |
| 7 | 61,677 | 2,196 | 1,537 |
| 8 | 63,873 | 2,274 | 1,592 |
| 9 | 66,146 | 2,355 | 1,648 |
| 10 | 68,501 | 2,439 | 1,707 |
| 11 | 70,940 | 2,525 | 1,768 |
| 12 | 73,465 | 2,615 | 1,831 |
| 13 | 76,081 | 2,708 | 1,896 |
| 14 | 78,789 | 2,805 | 1,963 |
| 15 | 81,594 | 2,905 | 2,033 |
| 16 | 84,499 | 3,008 | 2,106 |
| 17 | 87,507 | 3,115 | 2,181 |
| 18 | 90,622 | 3,226 | 2,258 |
| 19 | 93,848 | 3,341 | 2,339 |
| 20 | 97,189 | 3,460 | 2,422 |
| TOTAL | $50,649 | $35,455 |
| 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 |
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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|
4.50% |
$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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