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 1.05% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 527 | 369 |
| 2 | 50,527 | 533 | 373 |
| 3 | 51,060 | 538 | 377 |
| 4 | 51,598 | 544 | 381 |
| 5 | 52,142 | 550 | 385 |
| 6 | 52,691 | 555 | 389 |
| 7 | 53,246 | 561 | 393 |
| 8 | 53,808 | 567 | 397 |
| 9 | 54,375 | 573 | 401 |
| 10 | 54,948 | 579 | 405 |
| 11 | 55,527 | 585 | 410 |
| 12 | 56,112 | 591 | 414 |
| 13 | 56,704 | 598 | 418 |
| 14 | 57,301 | 604 | 423 |
| 15 | 57,905 | 610 | 427 |
| 16 | 58,516 | 617 | 432 |
| 17 | 59,132 | 623 | 436 |
| 18 | 59,756 | 630 | 441 |
| 19 | 60,386 | 636 | 446 |
| 20 | 61,022 | 643 | 450 |
| TOTAL | $11,665 | $8,166 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
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6.00% |
$5,000 |
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6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%. |
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|
|
5.66% |
$25,000 |
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Last change: ↑0.46% on December 15, 2023. |
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|
|
5.60% |
$500 |
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Last change: ↑0.60% on April 19. |
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|
|
5.50% |
$500 |
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Last change: ↑0.20% on September 8, 2023. |
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|
|
5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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