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 2.75% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,375 | 963 |
| 2 | 51,375 | 1,413 | 989 |
| 3 | 52,788 | 1,452 | 1,016 |
| 4 | 54,239 | 1,492 | 1,044 |
| 5 | 55,731 | 1,533 | 1,073 |
| 6 | 57,264 | 1,575 | 1,102 |
| 7 | 58,838 | 1,618 | 1,133 |
| 8 | 60,456 | 1,663 | 1,164 |
| 9 | 62,119 | 1,708 | 1,196 |
| 10 | 63,827 | 1,755 | 1,229 |
| 11 | 65,583 | 1,804 | 1,262 |
| 12 | 67,386 | 1,853 | 1,297 |
| 13 | 69,239 | 1,904 | 1,333 |
| 14 | 71,143 | 1,956 | 1,370 |
| 15 | 73,100 | 2,010 | 1,407 |
| 16 | 75,110 | 2,066 | 1,446 |
| 17 | 77,175 | 2,122 | 1,486 |
| 18 | 79,298 | 2,181 | 1,526 |
| 19 | 81,478 | 2,241 | 1,568 |
| 20 | 83,719 | 2,302 | 1,612 |
| TOTAL | $36,021 | $25,215 |
| Year | Rate 3.90% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,950 | 1,365 |
| 2 | 51,950 | 2,026 | 1,418 |
| 3 | 53,976 | 2,105 | 1,474 |
| 4 | 56,081 | 2,187 | 1,531 |
| 5 | 58,268 | 2,272 | 1,591 |
| 6 | 60,541 | 2,361 | 1,653 |
| 7 | 62,902 | 2,453 | 1,717 |
| 8 | 65,355 | 2,549 | 1,784 |
| 9 | 67,904 | 2,648 | 1,854 |
| 10 | 70,552 | 2,752 | 1,926 |
| 11 | 73,304 | 2,859 | 2,001 |
| 12 | 76,162 | 2,970 | 2,079 |
| 13 | 79,133 | 3,086 | 2,160 |
| 14 | 82,219 | 3,207 | 2,245 |
| 15 | 85,426 | 3,332 | 2,332 |
| 16 | 88,757 | 3,462 | 2,423 |
| 17 | 92,219 | 3,597 | 2,518 |
| 18 | 95,815 | 3,737 | 2,616 |
| 19 | 99,552 | 3,883 | 2,718 |
| 20 | 103,434 | 4,034 | 2,824 |
| TOTAL | $57,468 | $40,228 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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|
4.34% |
$500 |
Learn More | |
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Last change: ↑1.66% on April 4. |
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4.34% |
$500 |
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Last change: ↑0.66% on February 4. |
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4.25% |
$25,000 |
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Last change: ↓0.16% on September 18. |
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4.25% |
$25,000 |
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Last change: ↓0.16% on September 18. |
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4.20% |
$1,500 |
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Last change: ↓0.10% on October 13. |
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