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 4.24% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,120 | 1,484 |
| 2 | 52,120 | 2,210 | 1,547 |
| 3 | 54,330 | 2,304 | 1,613 |
| 4 | 56,633 | 2,401 | 1,681 |
| 5 | 59,035 | 2,503 | 1,752 |
| 6 | 61,538 | 2,609 | 1,826 |
| 7 | 64,147 | 2,720 | 1,904 |
| 8 | 66,867 | 2,835 | 1,985 |
| 9 | 69,702 | 2,955 | 2,069 |
| 10 | 72,657 | 3,081 | 2,156 |
| 11 | 75,738 | 3,211 | 2,248 |
| 12 | 78,949 | 3,347 | 2,343 |
| 13 | 82,297 | 3,489 | 2,443 |
| 14 | 85,786 | 3,637 | 2,546 |
| 15 | 89,423 | 3,792 | 2,654 |
| 16 | 93,215 | 3,952 | 2,767 |
| 17 | 97,167 | 4,120 | 2,884 |
| 18 | 101,287 | 4,295 | 3,006 |
| 19 | 105,582 | 4,477 | 3,134 |
| 20 | 110,059 | 4,666 | 3,267 |
| TOTAL | $64,725 | $45,307 |
| Year | Rate 5.30% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,651 | 1,856 |
| 2 | 52,651 | 2,792 | 1,954 |
| 3 | 55,443 | 2,940 | 2,058 |
| 4 | 58,382 | 3,095 | 2,167 |
| 5 | 61,478 | 3,260 | 2,282 |
| 6 | 64,737 | 3,432 | 2,403 |
| 7 | 68,169 | 3,614 | 2,530 |
| 8 | 71,784 | 3,806 | 2,664 |
| 9 | 75,590 | 4,008 | 2,805 |
| 10 | 79,598 | 4,220 | 2,954 |
| 11 | 83,818 | 4,444 | 3,111 |
| 12 | 88,262 | 4,680 | 3,276 |
| 13 | 92,941 | 4,928 | 3,449 |
| 14 | 97,869 | 5,189 | 3,632 |
| 15 | 103,058 | 5,464 | 3,825 |
| 16 | 108,522 | 5,754 | 4,028 |
| 17 | 114,276 | 6,059 | 4,241 |
| 18 | 120,335 | 6,380 | 4,466 |
| 19 | 126,715 | 6,718 | 4,703 |
| 20 | 133,434 | 7,075 | 4,952 |
| TOTAL | $90,508 | $63,356 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.25% |
$25,000 |
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Last change: ↓0.16% on September 18. |
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|
|
4.20% |
$1,500 |
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Last change: ↓0.10% on October 13. |
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|
|
4.15% |
$1,000 |
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Last change: ↓0.15% on October 13. |
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|
|
4.15% |
$500 |
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|
|
4.10% |
$25,000 |
Learn More | |
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Last change: ↓0.15% on November 26. |
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