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 2.52% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,260 | 882 |
| 2 | 51,260 | 1,292 | 904 |
| 3 | 52,552 | 1,324 | 927 |
| 4 | 53,876 | 1,358 | 950 |
| 5 | 55,234 | 1,392 | 974 |
| 6 | 56,626 | 1,427 | 999 |
| 7 | 58,053 | 1,463 | 1,024 |
| 8 | 59,516 | 1,500 | 1,050 |
| 9 | 61,015 | 1,538 | 1,076 |
| 10 | 62,553 | 1,576 | 1,103 |
| 11 | 64,129 | 1,616 | 1,131 |
| 12 | 65,745 | 1,657 | 1,160 |
| 13 | 67,402 | 1,699 | 1,189 |
| 14 | 69,101 | 1,741 | 1,219 |
| 15 | 70,842 | 1,785 | 1,250 |
| 16 | 72,627 | 1,830 | 1,281 |
| 17 | 74,457 | 1,876 | 1,313 |
| 18 | 76,334 | 1,924 | 1,347 |
| 19 | 78,257 | 1,972 | 1,380 |
| 20 | 80,229 | 2,022 | 1,415 |
| TOTAL | $32,251 | $22,576 |
| Year | Rate 5.51% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,755 | 1,929 |
| 2 | 52,755 | 2,907 | 2,035 |
| 3 | 55,662 | 3,067 | 2,147 |
| 4 | 58,729 | 3,236 | 2,265 |
| 5 | 61,965 | 3,414 | 2,390 |
| 6 | 65,379 | 3,602 | 2,522 |
| 7 | 68,981 | 3,801 | 2,661 |
| 8 | 72,782 | 4,010 | 2,807 |
| 9 | 76,793 | 4,231 | 2,962 |
| 10 | 81,024 | 4,464 | 3,125 |
| 11 | 85,488 | 4,710 | 3,297 |
| 12 | 90,199 | 4,970 | 3,479 |
| 13 | 95,169 | 5,244 | 3,671 |
| 14 | 100,412 | 5,533 | 3,873 |
| 15 | 105,945 | 5,838 | 4,086 |
| 16 | 111,783 | 6,159 | 4,311 |
| 17 | 117,942 | 6,499 | 4,549 |
| 18 | 124,440 | 6,857 | 4,800 |
| 19 | 131,297 | 7,234 | 5,064 |
| 20 | 138,532 | 7,633 | 5,343 |
| TOTAL | $96,165 | $67,315 |
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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|
|
4.46% |
$50,000 |
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|
Last change: ↑0.26% on April 9. |
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|
|
4.45% |
$1,500 |
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Last change: ↑0.10% on July 13. |
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