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 6.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 3,000 | 2,100 |
| 2 | 53,000 | 3,180 | 2,226 |
| 3 | 56,180 | 3,371 | 2,360 |
| 4 | 59,551 | 3,573 | 2,501 |
| 5 | 63,124 | 3,787 | 2,651 |
| 6 | 66,911 | 4,015 | 2,810 |
| 7 | 70,926 | 4,256 | 2,979 |
| 8 | 75,182 | 4,511 | 3,158 |
| 9 | 79,692 | 4,782 | 3,347 |
| 10 | 84,474 | 5,068 | 3,548 |
| 11 | 89,542 | 5,373 | 3,761 |
| 12 | 94,915 | 5,695 | 3,986 |
| 13 | 100,610 | 6,037 | 4,226 |
| 14 | 106,646 | 6,399 | 4,479 |
| 15 | 113,045 | 6,783 | 4,748 |
| 16 | 119,828 | 7,190 | 5,033 |
| 17 | 127,018 | 7,621 | 5,335 |
| 18 | 134,639 | 8,078 | 5,655 |
| 19 | 142,717 | 8,563 | 5,994 |
| 20 | 151,280 | 9,077 | 6,354 |
| TOTAL | $110,357 | $77,250 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.35% |
$1,000 |
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Last change: ↑2.35% on September 16. |
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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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|
|
4.30% |
$50,000 |
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Last change: ↓0.15% on September 23. |
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4.25% |
$25,000 |
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Last change: ↓0.16% on September 18. |
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