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 2.21% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,105 | 774 |
| 2 | 51,105 | 1,129 | 791 |
| 3 | 52,234 | 1,154 | 808 |
| 4 | 53,389 | 1,180 | 826 |
| 5 | 54,569 | 1,206 | 844 |
| 6 | 55,775 | 1,233 | 863 |
| 7 | 57,007 | 1,260 | 882 |
| 8 | 58,267 | 1,288 | 901 |
| 9 | 59,555 | 1,316 | 921 |
| 10 | 60,871 | 1,345 | 942 |
| 11 | 62,216 | 1,375 | 962 |
| 12 | 63,591 | 1,405 | 984 |
| 13 | 64,997 | 1,436 | 1,005 |
| 14 | 66,433 | 1,468 | 1,028 |
| 15 | 67,901 | 1,501 | 1,050 |
| 16 | 69,402 | 1,534 | 1,074 |
| 17 | 70,936 | 1,568 | 1,097 |
| 18 | 72,503 | 1,602 | 1,122 |
| 19 | 74,106 | 1,638 | 1,146 |
| 20 | 75,743 | 1,674 | 1,172 |
| TOTAL | $27,417 | $19,192 |
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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