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 |
| Year | Rate 4.07% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,035 | 1,425 |
| 2 | 52,035 | 2,118 | 1,482 |
| 3 | 54,153 | 2,204 | 1,543 |
| 4 | 56,357 | 2,294 | 1,606 |
| 5 | 58,651 | 2,387 | 1,671 |
| 6 | 61,038 | 2,484 | 1,739 |
| 7 | 63,522 | 2,585 | 1,810 |
| 8 | 66,107 | 2,691 | 1,883 |
| 9 | 68,798 | 2,800 | 1,960 |
| 10 | 71,598 | 2,914 | 2,040 |
| 11 | 74,512 | 3,033 | 2,123 |
| 12 | 77,545 | 3,156 | 2,209 |
| 13 | 80,701 | 3,285 | 2,299 |
| 14 | 83,985 | 3,418 | 2,393 |
| 15 | 87,403 | 3,557 | 2,490 |
| 16 | 90,961 | 3,702 | 2,591 |
| 17 | 94,663 | 3,853 | 2,697 |
| 18 | 98,515 | 4,010 | 2,807 |
| 19 | 102,525 | 4,173 | 2,921 |
| 20 | 106,698 | 4,343 | 3,040 |
| TOTAL | $61,040 | $42,728 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
Learn More | |
|
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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