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 2.30% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,150 | 805 |
| 2 | 51,150 | 1,176 | 824 |
| 3 | 52,326 | 1,204 | 842 |
| 4 | 53,530 | 1,231 | 862 |
| 5 | 54,761 | 1,260 | 882 |
| 6 | 56,021 | 1,288 | 902 |
| 7 | 57,309 | 1,318 | 923 |
| 8 | 58,627 | 1,348 | 944 |
| 9 | 59,976 | 1,379 | 966 |
| 10 | 61,355 | 1,411 | 988 |
| 11 | 62,766 | 1,444 | 1,011 |
| 12 | 64,210 | 1,477 | 1,034 |
| 13 | 65,687 | 1,511 | 1,058 |
| 14 | 67,198 | 1,546 | 1,082 |
| 15 | 68,743 | 1,581 | 1,107 |
| 16 | 70,324 | 1,617 | 1,132 |
| 17 | 71,942 | 1,655 | 1,158 |
| 18 | 73,596 | 1,693 | 1,185 |
| 19 | 75,289 | 1,732 | 1,212 |
| 20 | 77,021 | 1,771 | 1,240 |
| TOTAL | $28,792 | $20,154 |
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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