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 3.40% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,700 | 1,190 |
| 2 | 51,700 | 1,758 | 1,230 |
| 3 | 53,458 | 1,818 | 1,272 |
| 4 | 55,275 | 1,879 | 1,316 |
| 5 | 57,155 | 1,943 | 1,360 |
| 6 | 59,098 | 2,009 | 1,407 |
| 7 | 61,107 | 2,078 | 1,454 |
| 8 | 63,185 | 2,148 | 1,504 |
| 9 | 65,333 | 2,221 | 1,555 |
| 10 | 67,555 | 2,297 | 1,608 |
| 11 | 69,851 | 2,375 | 1,662 |
| 12 | 72,226 | 2,456 | 1,719 |
| 13 | 74,682 | 2,539 | 1,777 |
| 14 | 77,221 | 2,626 | 1,838 |
| 15 | 79,847 | 2,715 | 1,900 |
| 16 | 82,562 | 2,807 | 1,965 |
| 17 | 85,369 | 2,903 | 2,032 |
| 18 | 88,271 | 3,001 | 2,101 |
| 19 | 91,272 | 3,103 | 2,172 |
| 20 | 94,376 | 3,209 | 2,246 |
| TOTAL | $47,584 | $33,309 |
| Year | Rate 0.90% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 450 | 315 |
| 2 | 50,450 | 454 | 318 |
| 3 | 50,904 | 458 | 321 |
| 4 | 51,362 | 462 | 324 |
| 5 | 51,824 | 466 | 326 |
| 6 | 52,291 | 471 | 329 |
| 7 | 52,761 | 475 | 332 |
| 8 | 53,236 | 479 | 335 |
| 9 | 53,715 | 483 | 338 |
| 10 | 54,199 | 488 | 341 |
| 11 | 54,687 | 492 | 345 |
| 12 | 55,179 | 497 | 348 |
| 13 | 55,675 | 501 | 351 |
| 14 | 56,177 | 506 | 354 |
| 15 | 56,682 | 510 | 357 |
| 16 | 57,192 | 515 | 360 |
| 17 | 57,707 | 519 | 364 |
| 18 | 58,226 | 524 | 367 |
| 19 | 58,750 | 529 | 370 |
| 20 | 59,279 | 534 | 373 |
| TOTAL | $9,813 | $6,869 |
| Year | Rate 2.30% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,150 | 805 |
| 2 | 51,150 | 1,176 | 824 |
| 3 | 52,326 | 1,204 | 842 |
| 4 | 53,530 | 1,231 | 862 |
| 5 | 54,761 | 1,260 | 882 |
| 6 | 56,021 | 1,288 | 902 |
| 7 | 57,309 | 1,318 | 923 |
| 8 | 58,627 | 1,348 | 944 |
| 9 | 59,976 | 1,379 | 966 |
| 10 | 61,355 | 1,411 | 988 |
| 11 | 62,766 | 1,444 | 1,011 |
| 12 | 64,210 | 1,477 | 1,034 |
| 13 | 65,687 | 1,511 | 1,058 |
| 14 | 67,198 | 1,546 | 1,082 |
| 15 | 68,743 | 1,581 | 1,107 |
| 16 | 70,324 | 1,617 | 1,132 |
| 17 | 71,942 | 1,655 | 1,158 |
| 18 | 73,596 | 1,693 | 1,185 |
| 19 | 75,289 | 1,732 | 1,212 |
| 20 | 77,021 | 1,771 | 1,240 |
| TOTAL | $28,792 | $20,154 |
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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|
|
4.46% |
$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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