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 5.31% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,655 | 1,859 |
| 2 | 52,655 | 2,796 | 1,957 |
| 3 | 55,451 | 2,944 | 2,061 |
| 4 | 58,395 | 3,101 | 2,171 |
| 5 | 61,496 | 3,265 | 2,286 |
| 6 | 64,762 | 3,439 | 2,407 |
| 7 | 68,201 | 3,621 | 2,535 |
| 8 | 71,822 | 3,814 | 2,670 |
| 9 | 75,636 | 4,016 | 2,811 |
| 10 | 79,652 | 4,230 | 2,961 |
| 11 | 83,881 | 4,454 | 3,118 |
| 12 | 88,336 | 4,691 | 3,283 |
| 13 | 93,026 | 4,940 | 3,458 |
| 14 | 97,966 | 5,202 | 3,641 |
| 15 | 103,168 | 5,478 | 3,835 |
| 16 | 108,646 | 5,769 | 4,038 |
| 17 | 114,415 | 6,075 | 4,253 |
| 18 | 120,491 | 6,398 | 4,479 |
| 19 | 126,889 | 6,738 | 4,716 |
| 20 | 133,627 | 7,096 | 4,967 |
| TOTAL | $90,722 | $63,505 |
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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|
|
5.50% |
$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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|
|
5.49% |
$50,000 |
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Last change: ↑0.09% on March 12. |
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