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 1.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 500 | 350 |
| 2 | 50,500 | 505 | 354 |
| 3 | 51,005 | 510 | 357 |
| 4 | 51,515 | 515 | 361 |
| 5 | 52,030 | 520 | 364 |
| 6 | 52,551 | 526 | 368 |
| 7 | 53,076 | 531 | 372 |
| 8 | 53,607 | 536 | 375 |
| 9 | 54,143 | 541 | 379 |
| 10 | 54,684 | 547 | 383 |
| 11 | 55,231 | 552 | 387 |
| 12 | 55,783 | 558 | 390 |
| 13 | 56,341 | 563 | 394 |
| 14 | 56,905 | 569 | 398 |
| 15 | 57,474 | 575 | 402 |
| 16 | 58,048 | 580 | 406 |
| 17 | 58,629 | 586 | 410 |
| 18 | 59,215 | 592 | 415 |
| 19 | 59,807 | 598 | 419 |
| 20 | 60,405 | 604 | 423 |
| TOTAL | $11,010 | $7,707 |
| Year | Rate 4.20% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,100 | 1,470 |
| 2 | 52,100 | 2,188 | 1,532 |
| 3 | 54,288 | 2,280 | 1,596 |
| 4 | 56,568 | 2,376 | 1,663 |
| 5 | 58,944 | 2,476 | 1,733 |
| 6 | 61,420 | 2,580 | 1,806 |
| 7 | 63,999 | 2,688 | 1,882 |
| 8 | 66,687 | 2,801 | 1,961 |
| 9 | 69,488 | 2,919 | 2,043 |
| 10 | 72,407 | 3,041 | 2,129 |
| 11 | 75,448 | 3,169 | 2,218 |
| 12 | 78,617 | 3,302 | 2,311 |
| 13 | 81,919 | 3,441 | 2,408 |
| 14 | 85,359 | 3,585 | 2,510 |
| 15 | 88,944 | 3,736 | 2,615 |
| 16 | 92,680 | 3,893 | 2,725 |
| 17 | 96,573 | 4,056 | 2,839 |
| 18 | 100,629 | 4,226 | 2,958 |
| 19 | 104,855 | 4,404 | 3,083 |
| 20 | 109,259 | 4,589 | 3,212 |
| TOTAL | $63,848 | $44,693 |
| Year | Rate 3.96% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,980 | 1,386 |
| 2 | 51,980 | 2,058 | 1,441 |
| 3 | 54,038 | 2,140 | 1,498 |
| 4 | 56,178 | 2,225 | 1,557 |
| 5 | 58,403 | 2,313 | 1,619 |
| 6 | 60,716 | 2,404 | 1,683 |
| 7 | 63,120 | 2,500 | 1,750 |
| 8 | 65,620 | 2,599 | 1,819 |
| 9 | 68,218 | 2,701 | 1,891 |
| 10 | 70,920 | 2,808 | 1,966 |
| 11 | 73,728 | 2,920 | 2,044 |
| 12 | 76,648 | 3,035 | 2,125 |
| 13 | 79,683 | 3,155 | 2,209 |
| 14 | 82,838 | 3,280 | 2,296 |
| 15 | 86,119 | 3,410 | 2,387 |
| 16 | 89,529 | 3,545 | 2,482 |
| 17 | 93,074 | 3,686 | 2,580 |
| 18 | 96,760 | 3,832 | 2,682 |
| 19 | 100,592 | 3,983 | 2,788 |
| 20 | 104,575 | 4,141 | 2,899 |
| TOTAL | $58,716 | $41,102 |
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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|
|
4.49% |
$1,000 |
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Last change: ↑0.34% on May 27. |
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|
|
4.46% |
$50,000 |
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Last change: ↑0.26% on April 9. |
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