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 8.25% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 4,125 | 2,888 |
| 2 | 54,125 | 4,465 | 3,126 |
| 3 | 58,590 | 4,834 | 3,384 |
| 4 | 63,424 | 5,232 | 3,663 |
| 5 | 68,656 | 5,664 | 3,965 |
| 6 | 74,321 | 6,131 | 4,292 |
| 7 | 80,452 | 6,637 | 4,646 |
| 8 | 87,089 | 7,185 | 5,029 |
| 9 | 94,274 | 7,778 | 5,444 |
| 10 | 102,052 | 8,419 | 5,893 |
| 11 | 110,471 | 9,114 | 6,380 |
| 12 | 119,585 | 9,866 | 6,906 |
| 13 | 129,451 | 10,680 | 7,476 |
| 14 | 140,131 | 11,561 | 8,093 |
| 15 | 151,691 | 12,515 | 8,760 |
| 16 | 164,206 | 13,547 | 9,483 |
| 17 | 177,753 | 14,665 | 10,265 |
| 18 | 192,417 | 15,874 | 11,112 |
| 19 | 208,292 | 17,184 | 12,029 |
| 20 | 225,476 | 18,602 | 13,021 |
| TOTAL | $194,078 | $135,854 |
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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