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 1.05% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 525 | 368 |
| 2 | 50,525 | 531 | 371 |
| 3 | 51,056 | 536 | 375 |
| 4 | 51,592 | 542 | 379 |
| 5 | 52,133 | 547 | 383 |
| 6 | 52,681 | 553 | 387 |
| 7 | 53,234 | 559 | 391 |
| 8 | 53,793 | 565 | 395 |
| 9 | 54,358 | 571 | 400 |
| 10 | 54,928 | 577 | 404 |
| 11 | 55,505 | 583 | 408 |
| 12 | 56,088 | 589 | 412 |
| 13 | 56,677 | 595 | 417 |
| 14 | 57,272 | 601 | 421 |
| 15 | 57,873 | 608 | 425 |
| 16 | 58,481 | 614 | 430 |
| 17 | 59,095 | 620 | 434 |
| 18 | 59,716 | 627 | 439 |
| 19 | 60,343 | 634 | 444 |
| 20 | 60,976 | 640 | 448 |
| TOTAL | $11,616 | $8,131 |
| Year | Rate 4.20% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,100 | 1,470 |
| 2 | 52,100 | 2,188 | 1,532 |
| 3 | 54,288 | 2,280 | 1,596 |
| 4 | 56,568 | 2,376 | 1,663 |
| 5 | 58,944 | 2,476 | 1,733 |
| 6 | 61,420 | 2,580 | 1,806 |
| 7 | 63,999 | 2,688 | 1,882 |
| 8 | 66,687 | 2,801 | 1,961 |
| 9 | 69,488 | 2,919 | 2,043 |
| 10 | 72,407 | 3,041 | 2,129 |
| 11 | 75,448 | 3,169 | 2,218 |
| 12 | 78,617 | 3,302 | 2,311 |
| 13 | 81,919 | 3,441 | 2,408 |
| 14 | 85,359 | 3,585 | 2,510 |
| 15 | 88,944 | 3,736 | 2,615 |
| 16 | 92,680 | 3,893 | 2,725 |
| 17 | 96,573 | 4,056 | 2,839 |
| 18 | 100,629 | 4,226 | 2,958 |
| 19 | 104,855 | 4,404 | 3,083 |
| 20 | 109,259 | 4,589 | 3,212 |
| TOTAL | $63,848 | $44,693 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
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4.55% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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|
|
4.51% |
$1,000 |
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Last change: ↑0.06% on June 24. |
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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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