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 5.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,501 | 1,750 |
| 2 | 52,501 | 2,626 | 1,838 |
| 3 | 55,126 | 2,757 | 1,930 |
| 4 | 57,883 | 2,895 | 2,026 |
| 5 | 60,778 | 3,039 | 2,128 |
| 6 | 63,817 | 3,191 | 2,234 |
| 7 | 67,009 | 3,351 | 2,346 |
| 8 | 70,360 | 3,519 | 2,463 |
| 9 | 73,878 | 3,695 | 2,586 |
| 10 | 77,573 | 3,879 | 2,716 |
| 11 | 81,452 | 4,073 | 2,851 |
| 12 | 85,526 | 4,277 | 2,994 |
| 13 | 89,803 | 4,491 | 3,144 |
| 14 | 94,294 | 4,716 | 3,301 |
| 15 | 99,010 | 4,951 | 3,466 |
| 16 | 103,961 | 5,199 | 3,639 |
| 17 | 109,160 | 5,459 | 3,821 |
| 18 | 114,619 | 5,732 | 4,012 |
| 19 | 120,352 | 6,019 | 4,213 |
| 20 | 126,370 | 6,320 | 4,424 |
| TOTAL | $82,690 | $57,883 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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5.50% |
$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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5.49% |
$50,000 |
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Last change: ↑0.09% on March 12. |
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