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 5.14% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,570 | 1,799 |
| 2 | 52,570 | 2,702 | 1,891 |
| 3 | 55,272 | 2,841 | 1,989 |
| 4 | 58,113 | 2,987 | 2,091 |
| 5 | 61,100 | 3,141 | 2,198 |
| 6 | 64,241 | 3,302 | 2,311 |
| 7 | 67,543 | 3,472 | 2,430 |
| 8 | 71,014 | 3,650 | 2,555 |
| 9 | 74,664 | 3,838 | 2,686 |
| 10 | 78,502 | 4,035 | 2,825 |
| 11 | 82,537 | 4,242 | 2,970 |
| 12 | 86,780 | 4,460 | 3,122 |
| 13 | 91,240 | 4,690 | 3,283 |
| 14 | 95,930 | 4,931 | 3,452 |
| 15 | 100,861 | 5,184 | 3,629 |
| 16 | 106,045 | 5,451 | 3,815 |
| 17 | 111,496 | 5,731 | 4,012 |
| 18 | 117,226 | 6,025 | 4,218 |
| 19 | 123,252 | 6,335 | 4,435 |
| 20 | 129,587 | 6,661 | 4,663 |
| TOTAL | $86,248 | $60,373 |
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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