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 5.59% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,795 | 1,957 |
| 2 | 52,795 | 2,951 | 2,066 |
| 3 | 55,746 | 3,116 | 2,181 |
| 4 | 58,862 | 3,290 | 2,303 |
| 5 | 62,153 | 3,474 | 2,432 |
| 6 | 65,627 | 3,669 | 2,568 |
| 7 | 69,296 | 3,874 | 2,712 |
| 8 | 73,169 | 4,090 | 2,863 |
| 9 | 77,260 | 4,319 | 3,023 |
| 10 | 81,578 | 4,560 | 3,192 |
| 11 | 86,139 | 4,815 | 3,371 |
| 12 | 90,954 | 5,084 | 3,559 |
| 13 | 96,038 | 5,369 | 3,758 |
| 14 | 101,407 | 5,669 | 3,968 |
| 15 | 107,075 | 5,986 | 4,190 |
| 16 | 113,061 | 6,320 | 4,424 |
| 17 | 119,381 | 6,673 | 4,671 |
| 18 | 126,054 | 7,046 | 4,933 |
| 19 | 133,101 | 7,440 | 5,208 |
| 20 | 140,541 | 7,856 | 5,499 |
| TOTAL | $98,397 | $68,878 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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|
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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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