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 2.81% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,405 | 984 |
| 2 | 51,405 | 1,444 | 1,011 |
| 3 | 52,849 | 1,485 | 1,040 |
| 4 | 54,335 | 1,527 | 1,069 |
| 5 | 55,861 | 1,570 | 1,099 |
| 6 | 57,431 | 1,614 | 1,130 |
| 7 | 59,045 | 1,659 | 1,161 |
| 8 | 60,704 | 1,706 | 1,194 |
| 9 | 62,410 | 1,754 | 1,228 |
| 10 | 64,164 | 1,803 | 1,262 |
| 11 | 65,967 | 1,854 | 1,298 |
| 12 | 67,820 | 1,906 | 1,334 |
| 13 | 69,726 | 1,959 | 1,372 |
| 14 | 71,685 | 2,014 | 1,410 |
| 15 | 73,700 | 2,071 | 1,450 |
| 16 | 75,771 | 2,129 | 1,490 |
| 17 | 77,900 | 2,189 | 1,532 |
| 18 | 80,089 | 2,250 | 1,575 |
| 19 | 82,339 | 2,314 | 1,620 |
| 20 | 84,653 | 2,379 | 1,665 |
| TOTAL | $37,032 | $25,922 |
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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|
|
5.60% |
$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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