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 2.60% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,300 | 910 |
| 2 | 51,300 | 1,334 | 934 |
| 3 | 52,634 | 1,368 | 958 |
| 4 | 54,002 | 1,404 | 983 |
| 5 | 55,406 | 1,441 | 1,008 |
| 6 | 56,847 | 1,478 | 1,035 |
| 7 | 58,325 | 1,516 | 1,062 |
| 8 | 59,841 | 1,556 | 1,089 |
| 9 | 61,397 | 1,596 | 1,117 |
| 10 | 62,994 | 1,638 | 1,146 |
| 11 | 64,631 | 1,680 | 1,176 |
| 12 | 66,312 | 1,724 | 1,207 |
| 13 | 68,036 | 1,769 | 1,238 |
| 14 | 69,805 | 1,815 | 1,270 |
| 15 | 71,620 | 1,862 | 1,303 |
| 16 | 73,482 | 1,911 | 1,337 |
| 17 | 75,392 | 1,960 | 1,372 |
| 18 | 77,353 | 2,011 | 1,408 |
| 19 | 79,364 | 2,063 | 1,444 |
| 20 | 81,427 | 2,117 | 1,482 |
| TOTAL | $33,544 | $23,481 |
| Year | Rate 1.21% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 605 | 424 |
| 2 | 50,605 | 612 | 429 |
| 3 | 51,217 | 620 | 434 |
| 4 | 51,837 | 627 | 439 |
| 5 | 52,464 | 635 | 444 |
| 6 | 53,099 | 642 | 450 |
| 7 | 53,742 | 650 | 455 |
| 8 | 54,392 | 658 | 461 |
| 9 | 55,050 | 666 | 466 |
| 10 | 55,716 | 674 | 472 |
| 11 | 56,390 | 682 | 478 |
| 12 | 57,073 | 691 | 483 |
| 13 | 57,763 | 699 | 489 |
| 14 | 58,462 | 707 | 495 |
| 15 | 59,170 | 716 | 501 |
| 16 | 59,885 | 725 | 507 |
| 17 | 60,610 | 733 | 513 |
| 18 | 61,343 | 742 | 520 |
| 19 | 62,086 | 751 | 526 |
| 20 | 62,837 | 760 | 532 |
| TOTAL | $13,597 | $9,518 |
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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