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 2.13% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,065 | 746 |
| 2 | 51,065 | 1,088 | 761 |
| 3 | 52,153 | 1,111 | 778 |
| 4 | 53,264 | 1,135 | 794 |
| 5 | 54,398 | 1,159 | 811 |
| 6 | 55,557 | 1,183 | 828 |
| 7 | 56,740 | 1,209 | 846 |
| 8 | 57,949 | 1,234 | 864 |
| 9 | 59,183 | 1,261 | 882 |
| 10 | 60,444 | 1,287 | 901 |
| 11 | 61,731 | 1,315 | 920 |
| 12 | 63,046 | 1,343 | 940 |
| 13 | 64,389 | 1,371 | 960 |
| 14 | 65,760 | 1,401 | 980 |
| 15 | 67,161 | 1,431 | 1,001 |
| 16 | 68,591 | 1,461 | 1,023 |
| 17 | 70,052 | 1,492 | 1,044 |
| 18 | 71,545 | 1,524 | 1,067 |
| 19 | 73,068 | 1,556 | 1,089 |
| 20 | 74,625 | 1,590 | 1,113 |
| TOTAL | $26,214 | $18,350 |
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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|
|
4.45% |
$1,500 |
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Last change: ↑0.10% on July 13. |
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|
|
4.45% |
$5,000 |
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Last change: ↑0.40% on June 24. |
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|
|
4.45% |
$50,000 |
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Last change: ↓0.05% on August 2. |
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