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 3.55% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,775 | 1,243 |
| 2 | 51,775 | 1,838 | 1,287 |
| 3 | 53,613 | 1,903 | 1,332 |
| 4 | 55,516 | 1,971 | 1,380 |
| 5 | 57,487 | 2,041 | 1,429 |
| 6 | 59,528 | 2,113 | 1,479 |
| 7 | 61,641 | 2,188 | 1,532 |
| 8 | 63,829 | 2,266 | 1,586 |
| 9 | 66,095 | 2,346 | 1,642 |
| 10 | 68,442 | 2,430 | 1,701 |
| 11 | 70,871 | 2,516 | 1,761 |
| 12 | 73,387 | 2,605 | 1,824 |
| 13 | 75,993 | 2,698 | 1,888 |
| 14 | 78,690 | 2,794 | 1,955 |
| 15 | 81,484 | 2,893 | 2,025 |
| 16 | 84,377 | 2,995 | 2,097 |
| 17 | 87,372 | 3,102 | 2,171 |
| 18 | 90,474 | 3,212 | 2,248 |
| 19 | 93,685 | 3,326 | 2,328 |
| 20 | 97,011 | 3,444 | 2,411 |
| TOTAL | $50,455 | $35,319 |
| Year | Rate 2.45% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,225 | 858 |
| 2 | 51,225 | 1,255 | 879 |
| 3 | 52,480 | 1,286 | 900 |
| 4 | 53,766 | 1,317 | 922 |
| 5 | 55,083 | 1,350 | 945 |
| 6 | 56,433 | 1,383 | 968 |
| 7 | 57,815 | 1,416 | 992 |
| 8 | 59,232 | 1,451 | 1,016 |
| 9 | 60,683 | 1,487 | 1,041 |
| 10 | 62,170 | 1,523 | 1,066 |
| 11 | 63,693 | 1,560 | 1,092 |
| 12 | 65,253 | 1,599 | 1,119 |
| 13 | 66,852 | 1,638 | 1,147 |
| 14 | 68,490 | 1,678 | 1,175 |
| 15 | 70,168 | 1,719 | 1,203 |
| 16 | 71,887 | 1,761 | 1,233 |
| 17 | 73,648 | 1,804 | 1,263 |
| 18 | 75,452 | 1,849 | 1,294 |
| 19 | 77,301 | 1,894 | 1,326 |
| 20 | 79,195 | 1,940 | 1,358 |
| TOTAL | $31,135 | $21,795 |
| Year | Rate 2.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,000 | 700 |
| 2 | 51,000 | 1,020 | 714 |
| 3 | 52,020 | 1,040 | 728 |
| 4 | 53,060 | 1,061 | 743 |
| 5 | 54,122 | 1,082 | 758 |
| 6 | 55,204 | 1,104 | 773 |
| 7 | 56,308 | 1,126 | 788 |
| 8 | 57,434 | 1,149 | 804 |
| 9 | 58,583 | 1,172 | 820 |
| 10 | 59,755 | 1,195 | 837 |
| 11 | 60,950 | 1,219 | 853 |
| 12 | 62,169 | 1,243 | 870 |
| 13 | 63,412 | 1,268 | 888 |
| 14 | 64,680 | 1,294 | 906 |
| 15 | 65,974 | 1,319 | 924 |
| 16 | 67,293 | 1,346 | 942 |
| 17 | 68,639 | 1,373 | 961 |
| 18 | 70,012 | 1,400 | 980 |
| 19 | 71,412 | 1,428 | 1,000 |
| 20 | 72,841 | 1,457 | 1,020 |
| TOTAL | $24,297 | $17,008 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
Learn More | |
|
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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|
|
4.50% |
$50,000 |
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|
Last change: ↑0.20% on April 9. |
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|
|
4.46% |
$50,000 |
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|
Last change: ↑0.26% on April 9. |
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|
|
4.45% |
$1,500 |
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|
Last change: ↑0.10% on July 13. |
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