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 3.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,500 | 1,050 |
| 2 | 51,500 | 1,545 | 1,082 |
| 3 | 53,045 | 1,591 | 1,114 |
| 4 | 54,636 | 1,639 | 1,147 |
| 5 | 56,275 | 1,688 | 1,182 |
| 6 | 57,964 | 1,739 | 1,217 |
| 7 | 59,703 | 1,791 | 1,254 |
| 8 | 61,494 | 1,845 | 1,291 |
| 9 | 63,339 | 1,900 | 1,330 |
| 10 | 65,239 | 1,957 | 1,370 |
| 11 | 67,196 | 2,016 | 1,411 |
| 12 | 69,212 | 2,076 | 1,453 |
| 13 | 71,288 | 2,139 | 1,497 |
| 14 | 73,427 | 2,203 | 1,542 |
| 15 | 75,629 | 2,269 | 1,588 |
| 16 | 77,898 | 2,337 | 1,636 |
| 17 | 80,235 | 2,407 | 1,685 |
| 18 | 82,642 | 2,479 | 1,735 |
| 19 | 85,122 | 2,554 | 1,788 |
| 20 | 87,675 | 2,630 | 1,841 |
| TOTAL | $40,306 | $28,214 |
| Year | Rate 1.31% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 654 | 458 |
| 2 | 50,654 | 663 | 464 |
| 3 | 51,317 | 671 | 470 |
| 4 | 51,988 | 680 | 476 |
| 5 | 52,668 | 689 | 482 |
| 6 | 53,357 | 698 | 489 |
| 7 | 54,055 | 707 | 495 |
| 8 | 54,762 | 716 | 501 |
| 9 | 55,478 | 726 | 508 |
| 10 | 56,204 | 735 | 515 |
| 11 | 56,939 | 745 | 521 |
| 12 | 57,683 | 754 | 528 |
| 13 | 58,438 | 764 | 535 |
| 14 | 59,202 | 774 | 542 |
| 15 | 59,977 | 784 | 549 |
| 16 | 60,761 | 795 | 556 |
| 17 | 61,556 | 805 | 564 |
| 18 | 62,361 | 816 | 571 |
| 19 | 63,177 | 826 | 578 |
| 20 | 64,003 | 837 | 586 |
| TOTAL | $14,840 | $10,388 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.55% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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|
|
4.51% |
$1,000 |
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Last change: ↑0.06% on June 24. |
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|
4.50% |
$500 |
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Last change: ↑0.20% on January 18. |
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|
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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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