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 4.62% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,310 | 1,617 |
| 2 | 52,310 | 2,417 | 1,692 |
| 3 | 54,727 | 2,528 | 1,770 |
| 4 | 57,255 | 2,645 | 1,852 |
| 5 | 59,900 | 2,767 | 1,937 |
| 6 | 62,668 | 2,895 | 2,027 |
| 7 | 65,563 | 3,029 | 2,120 |
| 8 | 68,592 | 3,169 | 2,218 |
| 9 | 71,761 | 3,315 | 2,321 |
| 10 | 75,076 | 3,469 | 2,428 |
| 11 | 78,545 | 3,629 | 2,540 |
| 12 | 82,174 | 3,796 | 2,657 |
| 13 | 85,970 | 3,972 | 2,780 |
| 14 | 89,942 | 4,155 | 2,909 |
| 15 | 94,097 | 4,347 | 3,043 |
| 16 | 98,444 | 4,548 | 3,184 |
| 17 | 102,992 | 4,758 | 3,331 |
| 18 | 107,751 | 4,978 | 3,485 |
| 19 | 112,729 | 5,208 | 3,646 |
| 20 | 117,937 | 5,449 | 3,814 |
| TOTAL | $73,386 | $51,370 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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|
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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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|
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5.50% |
$500 |
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Last change: ↑0.20% on September 8, 2023. |
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|
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5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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