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 2.12% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,060 | 742 |
| 2 | 51,060 | 1,082 | 758 |
| 3 | 52,142 | 1,105 | 774 |
| 4 | 53,248 | 1,129 | 790 |
| 5 | 54,377 | 1,153 | 807 |
| 6 | 55,530 | 1,177 | 824 |
| 7 | 56,707 | 1,202 | 842 |
| 8 | 57,909 | 1,228 | 859 |
| 9 | 59,137 | 1,254 | 878 |
| 10 | 60,390 | 1,280 | 896 |
| 11 | 61,671 | 1,307 | 915 |
| 12 | 62,978 | 1,335 | 935 |
| 13 | 64,313 | 1,363 | 954 |
| 14 | 65,677 | 1,392 | 975 |
| 15 | 67,069 | 1,422 | 995 |
| 16 | 68,491 | 1,452 | 1,016 |
| 17 | 69,943 | 1,483 | 1,038 |
| 18 | 71,426 | 1,514 | 1,060 |
| 19 | 72,940 | 1,546 | 1,082 |
| 20 | 74,486 | 1,579 | 1,105 |
| TOTAL | $26,065 | $18,246 |
| Year | Rate 0.55% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 275 | 193 |
| 2 | 50,275 | 277 | 194 |
| 3 | 50,552 | 278 | 195 |
| 4 | 50,830 | 280 | 196 |
| 5 | 51,109 | 281 | 197 |
| 6 | 51,390 | 283 | 198 |
| 7 | 51,673 | 284 | 199 |
| 8 | 51,957 | 286 | 200 |
| 9 | 52,243 | 287 | 201 |
| 10 | 52,530 | 289 | 202 |
| 11 | 52,819 | 291 | 203 |
| 12 | 53,110 | 292 | 204 |
| 13 | 53,402 | 294 | 206 |
| 14 | 53,695 | 295 | 207 |
| 15 | 53,991 | 297 | 208 |
| 16 | 54,288 | 299 | 209 |
| 17 | 54,586 | 300 | 210 |
| 18 | 54,886 | 302 | 211 |
| 19 | 55,188 | 304 | 212 |
| 20 | 55,492 | 305 | 214 |
| TOTAL | $5,797 | $4,058 |
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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|
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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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|
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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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