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 2.43% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,215 | 851 |
| 2 | 51,215 | 1,245 | 871 |
| 3 | 52,460 | 1,275 | 892 |
| 4 | 53,734 | 1,306 | 914 |
| 5 | 55,040 | 1,337 | 936 |
| 6 | 56,378 | 1,370 | 959 |
| 7 | 57,747 | 1,403 | 982 |
| 8 | 59,151 | 1,437 | 1,006 |
| 9 | 60,588 | 1,472 | 1,031 |
| 10 | 62,060 | 1,508 | 1,056 |
| 11 | 63,568 | 1,545 | 1,081 |
| 12 | 65,113 | 1,582 | 1,108 |
| 13 | 66,695 | 1,621 | 1,134 |
| 14 | 68,316 | 1,660 | 1,162 |
| 15 | 69,976 | 1,700 | 1,190 |
| 16 | 71,677 | 1,742 | 1,219 |
| 17 | 73,418 | 1,784 | 1,249 |
| 18 | 75,202 | 1,827 | 1,279 |
| 19 | 77,030 | 1,872 | 1,310 |
| 20 | 78,902 | 1,917 | 1,342 |
| TOTAL | $30,819 | $21,573 |
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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|
|
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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