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 4.26% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,130 | 1,491 |
| 2 | 52,130 | 2,221 | 1,555 |
| 3 | 54,351 | 2,315 | 1,621 |
| 4 | 56,666 | 2,414 | 1,690 |
| 5 | 59,080 | 2,517 | 1,762 |
| 6 | 61,597 | 2,624 | 1,837 |
| 7 | 64,221 | 2,736 | 1,915 |
| 8 | 66,957 | 2,852 | 1,997 |
| 9 | 69,809 | 2,974 | 2,082 |
| 10 | 72,783 | 3,101 | 2,170 |
| 11 | 75,883 | 3,233 | 2,263 |
| 12 | 79,116 | 3,370 | 2,359 |
| 13 | 82,486 | 3,514 | 2,460 |
| 14 | 86,000 | 3,664 | 2,565 |
| 15 | 89,664 | 3,820 | 2,674 |
| 16 | 93,484 | 3,982 | 2,788 |
| 17 | 97,466 | 4,152 | 2,906 |
| 18 | 101,618 | 4,329 | 3,030 |
| 19 | 105,947 | 4,513 | 3,159 |
| 20 | 110,460 | 4,706 | 3,294 |
| TOTAL | $65,166 | $45,616 |
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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