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 5.92% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,960 | 2,072 |
| 2 | 52,960 | 3,135 | 2,195 |
| 3 | 56,095 | 3,321 | 2,325 |
| 4 | 59,416 | 3,517 | 2,462 |
| 5 | 62,934 | 3,726 | 2,608 |
| 6 | 66,659 | 3,946 | 2,762 |
| 7 | 70,605 | 4,180 | 2,926 |
| 8 | 74,785 | 4,427 | 3,099 |
| 9 | 79,213 | 4,689 | 3,283 |
| 10 | 83,902 | 4,967 | 3,477 |
| 11 | 88,869 | 5,261 | 3,683 |
| 12 | 94,130 | 5,572 | 3,901 |
| 13 | 99,702 | 5,902 | 4,132 |
| 14 | 105,605 | 6,252 | 4,376 |
| 15 | 111,857 | 6,622 | 4,635 |
| 16 | 118,479 | 7,014 | 4,910 |
| 17 | 125,492 | 7,429 | 5,200 |
| 18 | 132,922 | 7,869 | 5,508 |
| 19 | 140,791 | 8,335 | 5,834 |
| 20 | 149,125 | 8,828 | 6,180 |
| TOTAL | $107,954 | $75,567 |
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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|
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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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