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 4.07% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,035 | 1,425 |
| 2 | 52,035 | 2,118 | 1,482 |
| 3 | 54,153 | 2,204 | 1,543 |
| 4 | 56,357 | 2,294 | 1,606 |
| 5 | 58,651 | 2,387 | 1,671 |
| 6 | 61,038 | 2,484 | 1,739 |
| 7 | 63,522 | 2,585 | 1,810 |
| 8 | 66,107 | 2,691 | 1,883 |
| 9 | 68,798 | 2,800 | 1,960 |
| 10 | 71,598 | 2,914 | 2,040 |
| 11 | 74,512 | 3,033 | 2,123 |
| 12 | 77,545 | 3,156 | 2,209 |
| 13 | 80,701 | 3,285 | 2,299 |
| 14 | 83,985 | 3,418 | 2,393 |
| 15 | 87,403 | 3,557 | 2,490 |
| 16 | 90,961 | 3,702 | 2,591 |
| 17 | 94,663 | 3,853 | 2,697 |
| 18 | 98,515 | 4,010 | 2,807 |
| 19 | 102,525 | 4,173 | 2,921 |
| 20 | 106,698 | 4,343 | 3,040 |
| TOTAL | $61,040 | $42,728 |
| Year | Rate 3.09% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,545 | 1,082 |
| 2 | 51,545 | 1,593 | 1,115 |
| 3 | 53,138 | 1,642 | 1,149 |
| 4 | 54,780 | 1,693 | 1,185 |
| 5 | 56,472 | 1,745 | 1,221 |
| 6 | 58,217 | 1,799 | 1,259 |
| 7 | 60,016 | 1,855 | 1,298 |
| 8 | 61,871 | 1,912 | 1,338 |
| 9 | 63,783 | 1,971 | 1,380 |
| 10 | 65,753 | 2,032 | 1,422 |
| 11 | 67,785 | 2,095 | 1,466 |
| 12 | 69,880 | 2,159 | 1,512 |
| 13 | 72,039 | 2,226 | 1,558 |
| 14 | 74,265 | 2,295 | 1,606 |
| 15 | 76,560 | 2,366 | 1,656 |
| 16 | 78,926 | 2,439 | 1,707 |
| 17 | 81,364 | 2,514 | 1,760 |
| 18 | 83,879 | 2,592 | 1,814 |
| 19 | 86,470 | 2,672 | 1,870 |
| 20 | 89,142 | 2,754 | 1,928 |
| TOTAL | $41,897 | $29,328 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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|
|
4.50% |
$500 |
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Last change: ↑0.20% on January 18. |
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|
|
4.45% |
$1,500 |
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|
Last change: ↑0.10% on July 13. |
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|
|
4.45% |
$50,000 |
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|
Last change: ↓0.05% on August 2. |
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|
|
4.45% |
$50,000 |
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Last change: ↓0.05% on April 30. |
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