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 1.06% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 528 | 369 |
| 2 | 50,528 | 533 | 373 |
| 3 | 51,061 | 539 | 377 |
| 4 | 51,599 | 544 | 381 |
| 5 | 52,144 | 550 | 385 |
| 6 | 52,694 | 556 | 389 |
| 7 | 53,250 | 562 | 393 |
| 8 | 53,811 | 568 | 397 |
| 9 | 54,379 | 574 | 402 |
| 10 | 54,953 | 580 | 406 |
| 11 | 55,533 | 586 | 410 |
| 12 | 56,118 | 592 | 414 |
| 13 | 56,711 | 598 | 419 |
| 14 | 57,309 | 605 | 423 |
| 15 | 57,913 | 611 | 428 |
| 16 | 58,524 | 617 | 432 |
| 17 | 59,142 | 624 | 437 |
| 18 | 59,766 | 631 | 441 |
| 19 | 60,396 | 637 | 446 |
| 20 | 61,034 | 644 | 451 |
| TOTAL | $11,677 | $8,174 |
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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