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 2.50% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,250 | 875 |
| 2 | 51,250 | 1,281 | 897 |
| 3 | 52,531 | 1,313 | 919 |
| 4 | 53,845 | 1,346 | 942 |
| 5 | 55,191 | 1,380 | 966 |
| 6 | 56,570 | 1,414 | 990 |
| 7 | 57,985 | 1,450 | 1,015 |
| 8 | 59,434 | 1,486 | 1,040 |
| 9 | 60,920 | 1,523 | 1,066 |
| 10 | 62,443 | 1,561 | 1,093 |
| 11 | 64,004 | 1,600 | 1,120 |
| 12 | 65,604 | 1,640 | 1,148 |
| 13 | 67,244 | 1,681 | 1,177 |
| 14 | 68,926 | 1,723 | 1,206 |
| 15 | 70,649 | 1,766 | 1,236 |
| 16 | 72,415 | 1,810 | 1,267 |
| 17 | 74,225 | 1,856 | 1,299 |
| 18 | 76,081 | 1,902 | 1,331 |
| 19 | 77,983 | 1,950 | 1,365 |
| 20 | 79,933 | 1,998 | 1,399 |
| TOTAL | $31,931 | $22,352 |
| Year | Rate 4.45% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,225 | 1,558 |
| 2 | 52,225 | 2,324 | 1,627 |
| 3 | 54,549 | 2,427 | 1,699 |
| 4 | 56,976 | 2,535 | 1,775 |
| 5 | 59,512 | 2,648 | 1,854 |
| 6 | 62,160 | 2,766 | 1,936 |
| 7 | 64,926 | 2,889 | 2,022 |
| 8 | 67,816 | 3,018 | 2,112 |
| 9 | 70,833 | 3,152 | 2,206 |
| 10 | 73,985 | 3,292 | 2,305 |
| 11 | 77,278 | 3,439 | 2,407 |
| 12 | 80,717 | 3,592 | 2,514 |
| 13 | 84,308 | 3,752 | 2,626 |
| 14 | 88,060 | 3,919 | 2,743 |
| 15 | 91,979 | 4,093 | 2,865 |
| 16 | 96,072 | 4,275 | 2,993 |
| 17 | 100,347 | 4,465 | 3,126 |
| 18 | 104,813 | 4,664 | 3,265 |
| 19 | 109,477 | 4,872 | 3,410 |
| 20 | 114,348 | 5,089 | 3,562 |
| TOTAL | $69,437 | $48,606 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
Learn More | |
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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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|
|
4.49% |
$1,000 |
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Last change: ↑0.34% on May 27. |
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|
|
4.46% |
$50,000 |
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|
Last change: ↑0.26% on April 9. |
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