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 2.96% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,480 | 1,036 |
| 2 | 51,480 | 1,524 | 1,067 |
| 3 | 53,004 | 1,569 | 1,098 |
| 4 | 54,573 | 1,615 | 1,131 |
| 5 | 56,188 | 1,663 | 1,164 |
| 6 | 57,851 | 1,712 | 1,199 |
| 7 | 59,564 | 1,763 | 1,234 |
| 8 | 61,327 | 1,815 | 1,271 |
| 9 | 63,142 | 1,869 | 1,308 |
| 10 | 65,011 | 1,924 | 1,347 |
| 11 | 66,935 | 1,981 | 1,387 |
| 12 | 68,917 | 2,040 | 1,428 |
| 13 | 70,957 | 2,100 | 1,470 |
| 14 | 73,057 | 2,162 | 1,514 |
| 15 | 75,219 | 2,226 | 1,559 |
| 16 | 77,446 | 2,292 | 1,605 |
| 17 | 79,738 | 2,360 | 1,652 |
| 18 | 82,098 | 2,430 | 1,701 |
| 19 | 84,529 | 2,502 | 1,751 |
| 20 | 87,031 | 2,576 | 1,803 |
| TOTAL | $39,607 | $27,725 |
| Year | Rate 1.11% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 555 | 389 |
| 2 | 50,555 | 561 | 393 |
| 3 | 51,116 | 567 | 397 |
| 4 | 51,684 | 574 | 402 |
| 5 | 52,257 | 580 | 406 |
| 6 | 52,837 | 586 | 411 |
| 7 | 53,424 | 593 | 415 |
| 8 | 54,017 | 600 | 420 |
| 9 | 54,616 | 606 | 424 |
| 10 | 55,223 | 613 | 429 |
| 11 | 55,836 | 620 | 434 |
| 12 | 56,455 | 627 | 439 |
| 13 | 57,082 | 634 | 444 |
| 14 | 57,716 | 641 | 448 |
| 15 | 58,356 | 648 | 453 |
| 16 | 59,004 | 655 | 458 |
| 17 | 59,659 | 662 | 464 |
| 18 | 60,321 | 670 | 469 |
| 19 | 60,991 | 677 | 474 |
| 20 | 61,668 | 685 | 479 |
| TOTAL | $12,352 | $8,647 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
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Last change: ↓0.50% on October 1, 2024. |
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|
|
4.50% |
$500 |
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Last change: ↑0.20% on January 18. |
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|
|
4.45% |
$1,500 |
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Last change: ↑0.10% on July 13. |
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|
|
4.45% |
$50,000 |
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Last change: ↓0.05% on August 2. |
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|
|
4.45% |
$50,000 |
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Last change: ↓0.05% on April 30. |
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