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 1.07% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 536 | 375 |
| 2 | 50,536 | 542 | 379 |
| 3 | 51,078 | 548 | 383 |
| 4 | 51,625 | 553 | 387 |
| 5 | 52,179 | 559 | 392 |
| 6 | 52,738 | 565 | 396 |
| 7 | 53,303 | 571 | 400 |
| 8 | 53,875 | 578 | 404 |
| 9 | 54,452 | 584 | 409 |
| 10 | 55,036 | 590 | 413 |
| 11 | 55,626 | 596 | 417 |
| 12 | 56,222 | 603 | 422 |
| 13 | 56,825 | 609 | 426 |
| 14 | 57,434 | 616 | 431 |
| 15 | 58,050 | 622 | 436 |
| 16 | 58,672 | 629 | 440 |
| 17 | 59,301 | 636 | 445 |
| 18 | 59,937 | 643 | 450 |
| 19 | 60,579 | 649 | 455 |
| 20 | 61,229 | 656 | 459 |
| TOTAL | $11,885 | $8,320 |
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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