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 6.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 3,000 | 2,100 |
| 2 | 53,000 | 3,180 | 2,226 |
| 3 | 56,180 | 3,371 | 2,360 |
| 4 | 59,551 | 3,573 | 2,501 |
| 5 | 63,124 | 3,787 | 2,651 |
| 6 | 66,911 | 4,015 | 2,810 |
| 7 | 70,926 | 4,256 | 2,979 |
| 8 | 75,182 | 4,511 | 3,158 |
| 9 | 79,692 | 4,782 | 3,347 |
| 10 | 84,474 | 5,068 | 3,548 |
| 11 | 89,542 | 5,373 | 3,761 |
| 12 | 94,915 | 5,695 | 3,986 |
| 13 | 100,610 | 6,037 | 4,226 |
| 14 | 106,646 | 6,399 | 4,479 |
| 15 | 113,045 | 6,783 | 4,748 |
| 16 | 119,828 | 7,190 | 5,033 |
| 17 | 127,018 | 7,621 | 5,335 |
| 18 | 134,639 | 8,078 | 5,655 |
| 19 | 142,717 | 8,563 | 5,994 |
| 20 | 151,280 | 9,077 | 6,354 |
| TOTAL | $110,357 | $77,250 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.25% |
$25,000 |
Learn More | |
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Last change: ↓0.16% on September 18. |
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4.25% |
$25,000 |
Learn More | |
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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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