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 4.05% |
Annual Interest |
Annual Interest (After Tax) |
1 | 50,000 | 2,025 | 1,418 |
2 | 52,025 | 2,107 | 1,475 |
3 | 54,132 | 2,192 | 1,535 |
4 | 56,324 | 2,281 | 1,597 |
5 | 58,605 | 2,374 | 1,661 |
6 | 60,979 | 2,470 | 1,729 |
7 | 63,449 | 2,570 | 1,799 |
8 | 66,018 | 2,674 | 1,872 |
9 | 68,692 | 2,782 | 1,947 |
10 | 71,474 | 2,895 | 2,026 |
11 | 74,369 | 3,012 | 2,108 |
12 | 77,381 | 3,134 | 2,194 |
13 | 80,515 | 3,261 | 2,283 |
14 | 83,776 | 3,393 | 2,375 |
15 | 87,168 | 3,530 | 2,471 |
16 | 90,699 | 3,673 | 2,571 |
17 | 94,372 | 3,822 | 2,675 |
18 | 98,194 | 3,977 | 2,784 |
19 | 102,171 | 4,138 | 2,897 |
20 | 106,309 | 4,306 | 3,014 |
TOTAL | $60,614 | $42,430 |
All calculations are for demonstration purposes only.
ONLINE BANKS | APY? | MIN? | ||
---|---|---|---|---|
|
5.10% |
$500 |
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Last change: ↑0.05% on August 24. |
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|
5.05% |
$500 |
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Last change: ↓0.45% on May 13. |
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|
5.00% |
$1,500 |
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|
5.00% |
$0 |
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Last change: ↓0.10% on October 7. |
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|
5.00% |
$25,000 |
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Last change: ↓0.51% on October 1. |