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 2.90% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,450 | 1,015 |
| 2 | 51,450 | 1,492 | 1,044 |
| 3 | 52,942 | 1,535 | 1,075 |
| 4 | 54,477 | 1,580 | 1,106 |
| 5 | 56,057 | 1,626 | 1,138 |
| 6 | 57,683 | 1,673 | 1,171 |
| 7 | 59,356 | 1,721 | 1,205 |
| 8 | 61,077 | 1,771 | 1,240 |
| 9 | 62,848 | 1,823 | 1,276 |
| 10 | 64,671 | 1,875 | 1,313 |
| 11 | 66,546 | 1,930 | 1,351 |
| 12 | 68,476 | 1,986 | 1,390 |
| 13 | 70,462 | 2,043 | 1,430 |
| 14 | 72,505 | 2,103 | 1,472 |
| 15 | 74,608 | 2,164 | 1,515 |
| 16 | 76,772 | 2,226 | 1,558 |
| 17 | 78,998 | 2,291 | 1,604 |
| 18 | 81,289 | 2,357 | 1,650 |
| 19 | 83,646 | 2,426 | 1,698 |
| 20 | 86,072 | 2,496 | 1,747 |
| TOTAL | $38,568 | $26,998 |
| Year | Rate 2.40% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,200 | 840 |
| 2 | 51,200 | 1,229 | 860 |
| 3 | 52,429 | 1,258 | 881 |
| 4 | 53,687 | 1,288 | 902 |
| 5 | 54,976 | 1,319 | 924 |
| 6 | 56,295 | 1,351 | 946 |
| 7 | 57,646 | 1,384 | 968 |
| 8 | 59,030 | 1,417 | 992 |
| 9 | 60,446 | 1,451 | 1,015 |
| 10 | 61,897 | 1,486 | 1,040 |
| 11 | 63,383 | 1,521 | 1,065 |
| 12 | 64,904 | 1,558 | 1,090 |
| 13 | 66,461 | 1,595 | 1,117 |
| 14 | 68,056 | 1,633 | 1,143 |
| 15 | 69,690 | 1,673 | 1,171 |
| 16 | 71,362 | 1,713 | 1,199 |
| 17 | 73,075 | 1,754 | 1,228 |
| 18 | 74,829 | 1,796 | 1,257 |
| 19 | 76,625 | 1,839 | 1,287 |
| 20 | 78,464 | 1,883 | 1,318 |
| TOTAL | $30,347 | $21,243 |
| Year | Rate 0.05% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 25 | 18 |
| 2 | 50,025 | 25 | 18 |
| 3 | 50,050 | 25 | 18 |
| 4 | 50,075 | 25 | 18 |
| 5 | 50,100 | 25 | 18 |
| 6 | 50,125 | 25 | 18 |
| 7 | 50,150 | 25 | 18 |
| 8 | 50,175 | 25 | 18 |
| 9 | 50,200 | 25 | 18 |
| 10 | 50,225 | 25 | 18 |
| 11 | 50,251 | 25 | 18 |
| 12 | 50,276 | 25 | 18 |
| 13 | 50,301 | 25 | 18 |
| 14 | 50,326 | 25 | 18 |
| 15 | 50,351 | 25 | 18 |
| 16 | 50,376 | 25 | 18 |
| 17 | 50,402 | 25 | 18 |
| 18 | 50,427 | 25 | 18 |
| 19 | 50,452 | 25 | 18 |
| 20 | 50,477 | 25 | 18 |
| TOTAL | $502 | $352 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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: ↑0.20% on April 9. |
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|
|
4.49% |
$1,000 |
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Last change: ↑0.34% on May 27. |
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|
|
4.46% |
$50,000 |
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|
Last change: ↑0.26% on April 9. |
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