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 1.70% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 850 | 595 |
| 2 | 50,850 | 864 | 605 |
| 3 | 51,714 | 879 | 615 |
| 4 | 52,594 | 894 | 626 |
| 5 | 53,488 | 909 | 637 |
| 6 | 54,397 | 925 | 647 |
| 7 | 55,322 | 940 | 658 |
| 8 | 56,262 | 956 | 670 |
| 9 | 57,219 | 973 | 681 |
| 10 | 58,191 | 989 | 692 |
| 11 | 59,181 | 1,006 | 704 |
| 12 | 60,187 | 1,023 | 716 |
| 13 | 61,210 | 1,041 | 728 |
| 14 | 62,250 | 1,058 | 741 |
| 15 | 63,309 | 1,076 | 753 |
| 16 | 64,385 | 1,095 | 766 |
| 17 | 65,479 | 1,113 | 779 |
| 18 | 66,593 | 1,132 | 792 |
| 19 | 67,725 | 1,151 | 806 |
| 20 | 68,876 | 1,171 | 820 |
| TOTAL | $20,047 | $14,033 |
| Year | Rate 2.30% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,150 | 805 |
| 2 | 51,150 | 1,176 | 824 |
| 3 | 52,326 | 1,204 | 842 |
| 4 | 53,530 | 1,231 | 862 |
| 5 | 54,761 | 1,260 | 882 |
| 6 | 56,021 | 1,288 | 902 |
| 7 | 57,309 | 1,318 | 923 |
| 8 | 58,627 | 1,348 | 944 |
| 9 | 59,976 | 1,379 | 966 |
| 10 | 61,355 | 1,411 | 988 |
| 11 | 62,766 | 1,444 | 1,011 |
| 12 | 64,210 | 1,477 | 1,034 |
| 13 | 65,687 | 1,511 | 1,058 |
| 14 | 67,198 | 1,546 | 1,082 |
| 15 | 68,743 | 1,581 | 1,107 |
| 16 | 70,324 | 1,617 | 1,132 |
| 17 | 71,942 | 1,655 | 1,158 |
| 18 | 73,596 | 1,693 | 1,185 |
| 19 | 75,289 | 1,732 | 1,212 |
| 20 | 77,021 | 1,771 | 1,240 |
| TOTAL | $28,792 | $20,154 |
| Year | Rate 3.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,500 | 1,050 |
| 2 | 51,500 | 1,545 | 1,082 |
| 3 | 53,045 | 1,591 | 1,114 |
| 4 | 54,636 | 1,639 | 1,147 |
| 5 | 56,275 | 1,688 | 1,182 |
| 6 | 57,964 | 1,739 | 1,217 |
| 7 | 59,703 | 1,791 | 1,254 |
| 8 | 61,494 | 1,845 | 1,291 |
| 9 | 63,339 | 1,900 | 1,330 |
| 10 | 65,239 | 1,957 | 1,370 |
| 11 | 67,196 | 2,016 | 1,411 |
| 12 | 69,212 | 2,076 | 1,453 |
| 13 | 71,288 | 2,139 | 1,497 |
| 14 | 73,427 | 2,203 | 1,542 |
| 15 | 75,629 | 2,269 | 1,588 |
| 16 | 77,898 | 2,337 | 1,636 |
| 17 | 80,235 | 2,407 | 1,685 |
| 18 | 82,642 | 2,479 | 1,735 |
| 19 | 85,122 | 2,554 | 1,788 |
| 20 | 87,675 | 2,630 | 1,841 |
| TOTAL | $40,306 | $28,214 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
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|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.50% |
$500 |
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|
Last change: ↑0.20% on January 18. |
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|
|
4.50% |
$50,000 |
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|
Last change: ↑0.20% on April 9. |
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|
|
4.46% |
$50,000 |
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|
Last change: ↑0.26% on April 9. |
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|
|
4.45% |
$1,500 |
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|
Last change: ↑0.10% on July 13. |
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