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 3.20% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,600 | 1,120 |
| 2 | 51,600 | 1,651 | 1,156 |
| 3 | 53,251 | 1,704 | 1,193 |
| 4 | 54,955 | 1,759 | 1,231 |
| 5 | 56,714 | 1,815 | 1,270 |
| 6 | 58,529 | 1,873 | 1,311 |
| 7 | 60,402 | 1,933 | 1,353 |
| 8 | 62,334 | 1,995 | 1,396 |
| 9 | 64,329 | 2,059 | 1,441 |
| 10 | 66,388 | 2,124 | 1,487 |
| 11 | 68,512 | 2,192 | 1,535 |
| 12 | 70,704 | 2,263 | 1,584 |
| 13 | 72,967 | 2,335 | 1,634 |
| 14 | 75,302 | 2,410 | 1,687 |
| 15 | 77,712 | 2,487 | 1,741 |
| 16 | 80,198 | 2,566 | 1,796 |
| 17 | 82,765 | 2,648 | 1,854 |
| 18 | 85,413 | 2,733 | 1,913 |
| 19 | 88,146 | 2,821 | 1,974 |
| 20 | 90,967 | 2,911 | 2,038 |
| TOTAL | $43,878 | $30,715 |
| Year | Rate 0.55% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 275 | 193 |
| 2 | 50,275 | 277 | 194 |
| 3 | 50,552 | 278 | 195 |
| 4 | 50,830 | 280 | 196 |
| 5 | 51,109 | 281 | 197 |
| 6 | 51,390 | 283 | 198 |
| 7 | 51,673 | 284 | 199 |
| 8 | 51,957 | 286 | 200 |
| 9 | 52,243 | 287 | 201 |
| 10 | 52,530 | 289 | 202 |
| 11 | 52,819 | 291 | 203 |
| 12 | 53,110 | 292 | 204 |
| 13 | 53,402 | 294 | 206 |
| 14 | 53,695 | 295 | 207 |
| 15 | 53,991 | 297 | 208 |
| 16 | 54,288 | 299 | 209 |
| 17 | 54,586 | 300 | 210 |
| 18 | 54,886 | 302 | 211 |
| 19 | 55,188 | 304 | 212 |
| 20 | 55,492 | 305 | 214 |
| TOTAL | $5,797 | $4,058 |
| Year | Rate 2.75% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,375 | 963 |
| 2 | 51,375 | 1,413 | 989 |
| 3 | 52,788 | 1,452 | 1,016 |
| 4 | 54,239 | 1,492 | 1,044 |
| 5 | 55,731 | 1,533 | 1,073 |
| 6 | 57,264 | 1,575 | 1,102 |
| 7 | 58,838 | 1,618 | 1,133 |
| 8 | 60,456 | 1,663 | 1,164 |
| 9 | 62,119 | 1,708 | 1,196 |
| 10 | 63,827 | 1,755 | 1,229 |
| 11 | 65,583 | 1,804 | 1,262 |
| 12 | 67,386 | 1,853 | 1,297 |
| 13 | 69,239 | 1,904 | 1,333 |
| 14 | 71,143 | 1,956 | 1,370 |
| 15 | 73,100 | 2,010 | 1,407 |
| 16 | 75,110 | 2,066 | 1,446 |
| 17 | 77,175 | 2,122 | 1,486 |
| 18 | 79,298 | 2,181 | 1,526 |
| 19 | 81,478 | 2,241 | 1,568 |
| 20 | 83,719 | 2,302 | 1,612 |
| TOTAL | $36,021 | $25,215 |
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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