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 1.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 500 | 350 |
| 2 | 50,500 | 505 | 354 |
| 3 | 51,005 | 510 | 357 |
| 4 | 51,515 | 515 | 361 |
| 5 | 52,030 | 520 | 364 |
| 6 | 52,551 | 526 | 368 |
| 7 | 53,076 | 531 | 372 |
| 8 | 53,607 | 536 | 375 |
| 9 | 54,143 | 541 | 379 |
| 10 | 54,684 | 547 | 383 |
| 11 | 55,231 | 552 | 387 |
| 12 | 55,783 | 558 | 390 |
| 13 | 56,341 | 563 | 394 |
| 14 | 56,905 | 569 | 398 |
| 15 | 57,474 | 575 | 402 |
| 16 | 58,048 | 580 | 406 |
| 17 | 58,629 | 586 | 410 |
| 18 | 59,215 | 592 | 415 |
| 19 | 59,807 | 598 | 419 |
| 20 | 60,405 | 604 | 423 |
| TOTAL | $11,010 | $7,707 |
| Year | Rate 2.58% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,290 | 903 |
| 2 | 51,290 | 1,323 | 926 |
| 3 | 52,613 | 1,357 | 950 |
| 4 | 53,971 | 1,392 | 975 |
| 5 | 55,363 | 1,428 | 1,000 |
| 6 | 56,792 | 1,465 | 1,026 |
| 7 | 58,257 | 1,503 | 1,052 |
| 8 | 59,760 | 1,542 | 1,079 |
| 9 | 61,302 | 1,582 | 1,107 |
| 10 | 62,883 | 1,622 | 1,136 |
| 11 | 64,506 | 1,664 | 1,165 |
| 12 | 66,170 | 1,707 | 1,195 |
| 13 | 67,877 | 1,751 | 1,226 |
| 14 | 69,628 | 1,796 | 1,257 |
| 15 | 71,425 | 1,843 | 1,290 |
| 16 | 73,267 | 1,890 | 1,323 |
| 17 | 75,158 | 1,939 | 1,357 |
| 18 | 77,097 | 1,989 | 1,392 |
| 19 | 79,086 | 2,040 | 1,428 |
| 20 | 81,126 | 2,093 | 1,465 |
| TOTAL | $33,219 | $23,253 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.34% |
$500 |
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Last change: ↑1.66% on April 4. |
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4.34% |
$500 |
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Last change: ↑0.66% on February 4. |
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4.25% |
$25,000 |
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Last change: ↓0.16% on September 18. |
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4.20% |
$5,000 |
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Last change: ↓0.05% on October 7. |
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4.20% |
$1,500 |
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Last change: ↓0.10% on October 13. |
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