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 2.31% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,155 | 809 |
| 2 | 51,155 | 1,182 | 827 |
| 3 | 52,337 | 1,209 | 846 |
| 4 | 53,546 | 1,237 | 866 |
| 5 | 54,783 | 1,265 | 886 |
| 6 | 56,048 | 1,295 | 906 |
| 7 | 57,343 | 1,325 | 927 |
| 8 | 58,667 | 1,355 | 949 |
| 9 | 60,023 | 1,387 | 971 |
| 10 | 61,409 | 1,419 | 993 |
| 11 | 62,828 | 1,451 | 1,016 |
| 12 | 64,279 | 1,485 | 1,039 |
| 13 | 65,764 | 1,519 | 1,063 |
| 14 | 67,283 | 1,554 | 1,088 |
| 15 | 68,837 | 1,590 | 1,113 |
| 16 | 70,427 | 1,627 | 1,139 |
| 17 | 72,054 | 1,664 | 1,165 |
| 18 | 73,719 | 1,703 | 1,192 |
| 19 | 75,422 | 1,742 | 1,220 |
| 20 | 77,164 | 1,782 | 1,248 |
| TOTAL | $28,946 | $20,262 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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