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 6.17% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 3,084 | 2,158 |
| 2 | 53,084 | 3,274 | 2,292 |
| 3 | 56,357 | 3,476 | 2,433 |
| 4 | 59,833 | 3,690 | 2,583 |
| 5 | 63,523 | 3,917 | 2,742 |
| 6 | 67,440 | 4,159 | 2,911 |
| 7 | 71,599 | 4,416 | 3,091 |
| 8 | 76,015 | 4,688 | 3,281 |
| 9 | 80,702 | 4,977 | 3,484 |
| 10 | 85,679 | 5,284 | 3,699 |
| 11 | 90,963 | 5,610 | 3,927 |
| 12 | 96,573 | 5,956 | 4,169 |
| 13 | 102,528 | 6,323 | 4,426 |
| 14 | 108,851 | 6,713 | 4,699 |
| 15 | 115,564 | 7,127 | 4,989 |
| 16 | 122,691 | 7,566 | 5,296 |
| 17 | 130,257 | 8,033 | 5,623 |
| 18 | 138,290 | 8,528 | 5,970 |
| 19 | 146,819 | 9,054 | 6,338 |
| 20 | 155,873 | 9,613 | 6,729 |
| TOTAL | $115,486 | $80,840 |
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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|
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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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