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 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 |
| Year | Rate 1.51% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 755 | 529 |
| 2 | 50,755 | 766 | 536 |
| 3 | 51,521 | 778 | 545 |
| 4 | 52,299 | 790 | 553 |
| 5 | 53,089 | 802 | 561 |
| 6 | 53,891 | 814 | 570 |
| 7 | 54,704 | 826 | 578 |
| 8 | 55,531 | 839 | 587 |
| 9 | 56,369 | 851 | 596 |
| 10 | 57,220 | 864 | 605 |
| 11 | 58,084 | 877 | 614 |
| 12 | 58,961 | 890 | 623 |
| 13 | 59,852 | 904 | 633 |
| 14 | 60,755 | 917 | 642 |
| 15 | 61,673 | 931 | 652 |
| 16 | 62,604 | 945 | 662 |
| 17 | 63,549 | 960 | 672 |
| 18 | 64,509 | 974 | 682 |
| 19 | 65,483 | 989 | 692 |
| 20 | 66,472 | 1,004 | 703 |
| TOTAL | $17,476 | $12,233 |
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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|
|
4.50% |
$50,000 |
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Last change: ↑0.20% on April 9. |
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|
|
4.49% |
$1,000 |
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Last change: ↑0.34% on May 27. |
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|
|
4.46% |
$50,000 |
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Last change: ↑0.26% on April 9. |
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