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 1.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 500 | 350 |
| 2 | 50,500 | 505 | 354 |
| 3 | 51,005 | 510 | 357 |
| 4 | 51,515 | 515 | 361 |
| 5 | 52,030 | 520 | 364 |
| 6 | 52,551 | 526 | 368 |
| 7 | 53,076 | 531 | 372 |
| 8 | 53,607 | 536 | 375 |
| 9 | 54,143 | 541 | 379 |
| 10 | 54,684 | 547 | 383 |
| 11 | 55,231 | 552 | 387 |
| 12 | 55,783 | 558 | 390 |
| 13 | 56,341 | 563 | 394 |
| 14 | 56,905 | 569 | 398 |
| 15 | 57,474 | 575 | 402 |
| 16 | 58,048 | 580 | 406 |
| 17 | 58,629 | 586 | 410 |
| 18 | 59,215 | 592 | 415 |
| 19 | 59,807 | 598 | 419 |
| 20 | 60,405 | 604 | 423 |
| TOTAL | $11,010 | $7,707 |
| Year | Rate 2.18% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,092 | 764 |
| 2 | 51,092 | 1,116 | 781 |
| 3 | 52,208 | 1,140 | 798 |
| 4 | 53,348 | 1,165 | 816 |
| 5 | 54,513 | 1,191 | 833 |
| 6 | 55,704 | 1,217 | 852 |
| 7 | 56,920 | 1,243 | 870 |
| 8 | 58,163 | 1,270 | 889 |
| 9 | 59,434 | 1,298 | 909 |
| 10 | 60,732 | 1,326 | 928 |
| 11 | 62,058 | 1,355 | 949 |
| 12 | 63,414 | 1,385 | 969 |
| 13 | 64,798 | 1,415 | 991 |
| 14 | 66,214 | 1,446 | 1,012 |
| 15 | 67,660 | 1,478 | 1,034 |
| 16 | 69,137 | 1,510 | 1,057 |
| 17 | 70,647 | 1,543 | 1,080 |
| 18 | 72,190 | 1,577 | 1,104 |
| 19 | 73,767 | 1,611 | 1,128 |
| 20 | 75,378 | 1,646 | 1,152 |
| TOTAL | $27,024 | $18,917 |
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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4.50% |
$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: ↓0.05% on April 30. |
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4.50% |
$50,000 |
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Last change: ↑0.20% on April 9. |
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4.50% |
$500 |
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Last change: ↓0.50% on February 25. |
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