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 1.57% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 785 | 550 |
| 2 | 50,785 | 797 | 558 |
| 3 | 51,582 | 810 | 567 |
| 4 | 52,392 | 823 | 576 |
| 5 | 53,215 | 835 | 585 |
| 6 | 54,050 | 849 | 594 |
| 7 | 54,899 | 862 | 603 |
| 8 | 55,761 | 875 | 613 |
| 9 | 56,636 | 889 | 622 |
| 10 | 57,525 | 903 | 632 |
| 11 | 58,428 | 917 | 642 |
| 12 | 59,346 | 932 | 652 |
| 13 | 60,278 | 946 | 662 |
| 14 | 61,224 | 961 | 673 |
| 15 | 62,185 | 976 | 683 |
| 16 | 63,161 | 992 | 694 |
| 17 | 64,153 | 1,007 | 705 |
| 18 | 65,160 | 1,023 | 716 |
| 19 | 66,183 | 1,039 | 727 |
| 20 | 67,222 | 1,055 | 739 |
| TOTAL | $18,278 | $12,794 |
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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