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 1.72% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 860 | 602 |
| 2 | 50,860 | 875 | 612 |
| 3 | 51,735 | 890 | 623 |
| 4 | 52,625 | 905 | 634 |
| 5 | 53,530 | 921 | 644 |
| 6 | 54,450 | 937 | 656 |
| 7 | 55,387 | 953 | 667 |
| 8 | 56,340 | 969 | 678 |
| 9 | 57,309 | 986 | 690 |
| 10 | 58,294 | 1,003 | 702 |
| 11 | 59,297 | 1,020 | 714 |
| 12 | 60,317 | 1,037 | 726 |
| 13 | 61,354 | 1,055 | 739 |
| 14 | 62,410 | 1,073 | 751 |
| 15 | 63,483 | 1,092 | 764 |
| 16 | 64,575 | 1,111 | 777 |
| 17 | 65,686 | 1,130 | 791 |
| 18 | 66,816 | 1,149 | 804 |
| 19 | 67,965 | 1,169 | 818 |
| 20 | 69,134 | 1,189 | 832 |
| TOTAL | $20,323 | $14,226 |
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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