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 5.04% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,520 | 1,764 |
| 2 | 52,520 | 2,647 | 1,853 |
| 3 | 55,167 | 2,780 | 1,946 |
| 4 | 57,947 | 2,921 | 2,044 |
| 5 | 60,868 | 3,068 | 2,147 |
| 6 | 63,936 | 3,222 | 2,256 |
| 7 | 67,158 | 3,385 | 2,369 |
| 8 | 70,543 | 3,555 | 2,489 |
| 9 | 74,098 | 3,735 | 2,614 |
| 10 | 77,833 | 3,923 | 2,746 |
| 11 | 81,756 | 4,120 | 2,884 |
| 12 | 85,876 | 4,328 | 3,030 |
| 13 | 90,204 | 4,546 | 3,182 |
| 14 | 94,750 | 4,775 | 3,343 |
| 15 | 99,526 | 5,016 | 3,511 |
| 16 | 104,542 | 5,269 | 3,688 |
| 17 | 109,811 | 5,534 | 3,874 |
| 18 | 115,345 | 5,813 | 4,069 |
| 19 | 121,159 | 6,106 | 4,274 |
| 20 | 127,265 | 6,414 | 4,490 |
| TOTAL | $83,679 | $58,576 |
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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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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