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 1.11% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 557 | 390 |
| 2 | 50,557 | 563 | 394 |
| 3 | 51,119 | 569 | 398 |
| 4 | 51,688 | 575 | 403 |
| 5 | 52,263 | 582 | 407 |
| 6 | 52,845 | 588 | 412 |
| 7 | 53,433 | 595 | 416 |
| 8 | 54,028 | 601 | 421 |
| 9 | 54,629 | 608 | 426 |
| 10 | 55,237 | 615 | 430 |
| 11 | 55,852 | 622 | 435 |
| 12 | 56,474 | 629 | 440 |
| 13 | 57,102 | 636 | 445 |
| 14 | 57,738 | 643 | 450 |
| 15 | 58,381 | 650 | 455 |
| 16 | 59,030 | 657 | 460 |
| 17 | 59,687 | 664 | 465 |
| 18 | 60,352 | 672 | 470 |
| 19 | 61,023 | 679 | 475 |
| 20 | 61,703 | 687 | 481 |
| TOTAL | $12,389 | $8,672 |
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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