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 4.88% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,440 | 1,708 |
| 2 | 52,440 | 2,559 | 1,791 |
| 3 | 54,999 | 2,684 | 1,879 |
| 4 | 57,683 | 2,815 | 1,970 |
| 5 | 60,498 | 2,952 | 2,067 |
| 6 | 63,450 | 3,096 | 2,167 |
| 7 | 66,547 | 3,247 | 2,273 |
| 8 | 69,794 | 3,406 | 2,384 |
| 9 | 73,200 | 3,572 | 2,501 |
| 10 | 76,772 | 3,746 | 2,623 |
| 11 | 80,519 | 3,929 | 2,751 |
| 12 | 84,448 | 4,121 | 2,885 |
| 13 | 88,569 | 4,322 | 3,026 |
| 14 | 92,891 | 4,533 | 3,173 |
| 15 | 97,424 | 4,754 | 3,328 |
| 16 | 102,179 | 4,986 | 3,490 |
| 17 | 107,165 | 5,230 | 3,661 |
| 18 | 112,395 | 5,485 | 3,839 |
| 19 | 117,879 | 5,753 | 4,027 |
| 20 | 123,632 | 6,033 | 4,223 |
| TOTAL | $79,665 | $55,766 |
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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|
|
5.50% |
$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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5.49% |
$50,000 |
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Last change: ↑0.09% on March 12. |
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