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 0.88% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 438 | 306 |
| 2 | 50,438 | 441 | 309 |
| 3 | 50,879 | 445 | 312 |
| 4 | 51,324 | 449 | 314 |
| 5 | 51,773 | 453 | 317 |
| 6 | 52,226 | 457 | 320 |
| 7 | 52,683 | 461 | 323 |
| 8 | 53,144 | 465 | 326 |
| 9 | 53,609 | 469 | 328 |
| 10 | 54,078 | 473 | 331 |
| 11 | 54,551 | 477 | 334 |
| 12 | 55,029 | 482 | 337 |
| 13 | 55,510 | 486 | 340 |
| 14 | 55,996 | 490 | 343 |
| 15 | 56,486 | 494 | 346 |
| 16 | 56,980 | 499 | 349 |
| 17 | 57,479 | 503 | 352 |
| 18 | 57,982 | 507 | 355 |
| 19 | 58,489 | 512 | 358 |
| 20 | 59,001 | 516 | 361 |
| TOTAL | $9,517 | $6,662 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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