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 5.54% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,770 | 1,939 |
| 2 | 52,770 | 2,923 | 2,046 |
| 3 | 55,693 | 3,085 | 2,160 |
| 4 | 58,779 | 3,256 | 2,279 |
| 5 | 62,035 | 3,437 | 2,406 |
| 6 | 65,472 | 3,627 | 2,539 |
| 7 | 69,099 | 3,828 | 2,680 |
| 8 | 72,927 | 4,040 | 2,828 |
| 9 | 76,967 | 4,264 | 2,985 |
| 10 | 81,231 | 4,500 | 3,150 |
| 11 | 85,732 | 4,750 | 3,325 |
| 12 | 90,481 | 5,013 | 3,509 |
| 13 | 95,494 | 5,290 | 3,703 |
| 14 | 100,784 | 5,583 | 3,908 |
| 15 | 106,368 | 5,893 | 4,125 |
| 16 | 112,260 | 6,219 | 4,353 |
| 17 | 118,480 | 6,564 | 4,595 |
| 18 | 125,043 | 6,927 | 4,849 |
| 19 | 131,971 | 7,311 | 5,118 |
| 20 | 139,282 | 7,716 | 5,401 |
| TOTAL | $96,998 | $67,899 |
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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|
|
5.66% |
$25,000 |
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Last change: ↑0.46% on December 15, 2023. |
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|
|
5.50% |
$500 |
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Last change: ↑0.20% on September 8, 2023. |
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|
|
5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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5.49% |
$50,000 |
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Last change: ↑0.09% on March 12. |
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