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 4.82% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,410 | 1,687 |
| 2 | 52,410 | 2,526 | 1,768 |
| 3 | 54,936 | 2,648 | 1,854 |
| 4 | 57,584 | 2,776 | 1,943 |
| 5 | 60,360 | 2,909 | 2,037 |
| 6 | 63,269 | 3,050 | 2,135 |
| 7 | 66,319 | 3,197 | 2,238 |
| 8 | 69,515 | 3,351 | 2,345 |
| 9 | 72,866 | 3,512 | 2,458 |
| 10 | 76,378 | 3,681 | 2,577 |
| 11 | 80,059 | 3,859 | 2,701 |
| 12 | 83,918 | 4,045 | 2,831 |
| 13 | 87,963 | 4,240 | 2,968 |
| 14 | 92,203 | 4,444 | 3,111 |
| 15 | 96,647 | 4,658 | 3,261 |
| 16 | 101,305 | 4,883 | 3,418 |
| 17 | 106,188 | 5,118 | 3,583 |
| 18 | 111,307 | 5,365 | 3,755 |
| 19 | 116,672 | 5,624 | 3,936 |
| 20 | 122,295 | 5,895 | 4,126 |
| TOTAL | $78,190 | $54,733 |
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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|
|
5.60% |
$500 |
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Last change: ↑0.60% on April 19. |
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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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