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 1.38% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 690 | 483 |
| 2 | 50,690 | 700 | 490 |
| 3 | 51,390 | 709 | 496 |
| 4 | 52,099 | 719 | 503 |
| 5 | 52,818 | 729 | 510 |
| 6 | 53,547 | 739 | 517 |
| 7 | 54,285 | 749 | 524 |
| 8 | 55,035 | 759 | 532 |
| 9 | 55,794 | 770 | 539 |
| 10 | 56,564 | 781 | 546 |
| 11 | 57,345 | 791 | 554 |
| 12 | 58,136 | 802 | 562 |
| 13 | 58,938 | 813 | 569 |
| 14 | 59,752 | 825 | 577 |
| 15 | 60,576 | 836 | 585 |
| 16 | 61,412 | 847 | 593 |
| 17 | 62,260 | 859 | 601 |
| 18 | 63,119 | 871 | 610 |
| 19 | 63,990 | 883 | 618 |
| 20 | 64,873 | 895 | 627 |
| TOTAL | $15,768 | $11,038 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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