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 2.22% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,110 | 777 |
| 2 | 51,110 | 1,135 | 794 |
| 3 | 52,245 | 1,160 | 812 |
| 4 | 53,404 | 1,186 | 830 |
| 5 | 54,590 | 1,212 | 848 |
| 6 | 55,802 | 1,239 | 867 |
| 7 | 57,041 | 1,266 | 886 |
| 8 | 58,307 | 1,294 | 906 |
| 9 | 59,601 | 1,323 | 926 |
| 10 | 60,925 | 1,353 | 947 |
| 11 | 62,277 | 1,383 | 968 |
| 12 | 63,660 | 1,413 | 989 |
| 13 | 65,073 | 1,445 | 1,011 |
| 14 | 66,518 | 1,477 | 1,034 |
| 15 | 67,994 | 1,509 | 1,057 |
| 16 | 69,504 | 1,543 | 1,080 |
| 17 | 71,047 | 1,577 | 1,104 |
| 18 | 72,624 | 1,612 | 1,129 |
| 19 | 74,236 | 1,648 | 1,154 |
| 20 | 75,884 | 1,685 | 1,179 |
| TOTAL | $27,569 | $19,298 |
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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