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 0.80% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 400 | 280 |
| 2 | 50,400 | 403 | 282 |
| 3 | 50,803 | 406 | 284 |
| 4 | 51,210 | 410 | 287 |
| 5 | 51,619 | 413 | 289 |
| 6 | 52,032 | 416 | 291 |
| 7 | 52,449 | 420 | 294 |
| 8 | 52,868 | 423 | 296 |
| 9 | 53,291 | 426 | 298 |
| 10 | 53,717 | 430 | 301 |
| 11 | 54,147 | 433 | 303 |
| 12 | 54,580 | 437 | 306 |
| 13 | 55,017 | 440 | 308 |
| 14 | 55,457 | 444 | 311 |
| 15 | 55,901 | 447 | 313 |
| 16 | 56,348 | 451 | 316 |
| 17 | 56,799 | 454 | 318 |
| 18 | 57,253 | 458 | 321 |
| 19 | 57,711 | 462 | 323 |
| 20 | 58,173 | 465 | 326 |
| TOTAL | $8,638 | $6,047 |
| Year | Rate 0.22% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 110 | 77 |
| 2 | 50,110 | 110 | 77 |
| 3 | 50,220 | 110 | 77 |
| 4 | 50,331 | 111 | 78 |
| 5 | 50,441 | 111 | 78 |
| 6 | 50,552 | 111 | 78 |
| 7 | 50,664 | 111 | 78 |
| 8 | 50,775 | 112 | 78 |
| 9 | 50,887 | 112 | 78 |
| 10 | 50,999 | 112 | 79 |
| 11 | 51,111 | 112 | 79 |
| 12 | 51,223 | 113 | 79 |
| 13 | 51,336 | 113 | 79 |
| 14 | 51,449 | 113 | 79 |
| 15 | 51,562 | 113 | 79 |
| 16 | 51,676 | 114 | 80 |
| 17 | 51,789 | 114 | 80 |
| 18 | 51,903 | 114 | 80 |
| 19 | 52,017 | 114 | 80 |
| 20 | 52,132 | 115 | 80 |
| TOTAL | $2,247 | $1,573 |
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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|
|
4.45% |
$1,500 |
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|
Last change: ↑0.10% on July 13. |
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|
|
4.45% |
$50,000 |
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|
Last change: ↓0.05% on August 2. |
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|
|
4.45% |
$50,000 |
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|
Last change: ↓0.05% on April 30. |
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