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 4.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,000 | 1,400 |
| 2 | 52,000 | 2,080 | 1,456 |
| 3 | 54,080 | 2,163 | 1,514 |
| 4 | 56,243 | 2,250 | 1,575 |
| 5 | 58,493 | 2,340 | 1,638 |
| 6 | 60,833 | 2,433 | 1,703 |
| 7 | 63,266 | 2,531 | 1,771 |
| 8 | 65,797 | 2,632 | 1,842 |
| 9 | 68,428 | 2,737 | 1,916 |
| 10 | 71,166 | 2,847 | 1,993 |
| 11 | 74,012 | 2,960 | 2,072 |
| 12 | 76,973 | 3,079 | 2,155 |
| 13 | 80,052 | 3,202 | 2,241 |
| 14 | 83,254 | 3,330 | 2,331 |
| 15 | 86,584 | 3,463 | 2,424 |
| 16 | 90,047 | 3,602 | 2,521 |
| 17 | 93,649 | 3,746 | 2,622 |
| 18 | 97,395 | 3,896 | 2,727 |
| 19 | 101,291 | 4,052 | 2,836 |
| 20 | 105,342 | 4,214 | 2,950 |
| TOTAL | $59,556 | $41,689 |
| Year | Rate 5.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,500 | 1,750 |
| 2 | 52,500 | 2,625 | 1,838 |
| 3 | 55,125 | 2,756 | 1,929 |
| 4 | 57,881 | 2,894 | 2,026 |
| 5 | 60,775 | 3,039 | 2,127 |
| 6 | 63,814 | 3,191 | 2,233 |
| 7 | 67,005 | 3,350 | 2,345 |
| 8 | 70,355 | 3,518 | 2,462 |
| 9 | 73,873 | 3,694 | 2,586 |
| 10 | 77,566 | 3,878 | 2,715 |
| 11 | 81,445 | 4,072 | 2,851 |
| 12 | 85,517 | 4,276 | 2,993 |
| 13 | 89,793 | 4,490 | 3,143 |
| 14 | 94,282 | 4,714 | 3,300 |
| 15 | 98,997 | 4,950 | 3,465 |
| 16 | 103,946 | 5,197 | 3,638 |
| 17 | 109,144 | 5,457 | 3,820 |
| 18 | 114,601 | 5,730 | 4,011 |
| 19 | 120,331 | 6,017 | 4,212 |
| 20 | 126,348 | 6,317 | 4,422 |
| TOTAL | $82,665 | $57,865 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.25% |
$25,000 |
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Last change: ↓0.16% on September 18. |
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4.25% |
$25,000 |
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Last change: ↓0.16% on September 18. |
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4.20% |
$1,500 |
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Last change: ↓0.10% on October 13. |
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4.15% |
$500 |
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4.15% |
$1,000 |
Learn More | |
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Last change: ↓0.15% on October 13. |
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