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 5.51% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,755 | 1,929 |
| 2 | 52,755 | 2,907 | 2,035 |
| 3 | 55,662 | 3,067 | 2,147 |
| 4 | 58,729 | 3,236 | 2,265 |
| 5 | 61,965 | 3,414 | 2,390 |
| 6 | 65,379 | 3,602 | 2,522 |
| 7 | 68,981 | 3,801 | 2,661 |
| 8 | 72,782 | 4,010 | 2,807 |
| 9 | 76,793 | 4,231 | 2,962 |
| 10 | 81,024 | 4,464 | 3,125 |
| 11 | 85,488 | 4,710 | 3,297 |
| 12 | 90,199 | 4,970 | 3,479 |
| 13 | 95,169 | 5,244 | 3,671 |
| 14 | 100,412 | 5,533 | 3,873 |
| 15 | 105,945 | 5,838 | 4,086 |
| 16 | 111,783 | 6,159 | 4,311 |
| 17 | 117,942 | 6,499 | 4,549 |
| 18 | 124,440 | 6,857 | 4,800 |
| 19 | 131,297 | 7,234 | 5,064 |
| 20 | 138,532 | 7,633 | 5,343 |
| TOTAL | $96,165 | $67,315 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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|
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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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|
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5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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