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 2.01% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,005 | 704 |
| 2 | 51,005 | 1,025 | 718 |
| 3 | 52,030 | 1,046 | 732 |
| 4 | 53,076 | 1,067 | 747 |
| 5 | 54,143 | 1,088 | 762 |
| 6 | 55,231 | 1,110 | 777 |
| 7 | 56,341 | 1,132 | 793 |
| 8 | 57,474 | 1,155 | 809 |
| 9 | 58,629 | 1,178 | 825 |
| 10 | 59,807 | 1,202 | 841 |
| 11 | 61,010 | 1,226 | 858 |
| 12 | 62,236 | 1,251 | 876 |
| 13 | 63,487 | 1,276 | 893 |
| 14 | 64,763 | 1,302 | 911 |
| 15 | 66,065 | 1,328 | 930 |
| 16 | 67,392 | 1,355 | 948 |
| 17 | 68,747 | 1,382 | 967 |
| 18 | 70,129 | 1,410 | 987 |
| 19 | 71,538 | 1,438 | 1,007 |
| 20 | 72,976 | 1,467 | 1,027 |
| TOTAL | $24,443 | $17,110 |
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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