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 5.08% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,540 | 1,778 |
| 2 | 52,540 | 2,669 | 1,868 |
| 3 | 55,209 | 2,805 | 1,963 |
| 4 | 58,014 | 2,947 | 2,063 |
| 5 | 60,961 | 3,097 | 2,168 |
| 6 | 64,058 | 3,254 | 2,278 |
| 7 | 67,312 | 3,419 | 2,394 |
| 8 | 70,731 | 3,593 | 2,515 |
| 9 | 74,324 | 3,776 | 2,643 |
| 10 | 78,100 | 3,967 | 2,777 |
| 11 | 82,067 | 4,169 | 2,918 |
| 12 | 86,236 | 4,381 | 3,067 |
| 13 | 90,617 | 4,603 | 3,222 |
| 14 | 95,221 | 4,837 | 3,386 |
| 15 | 100,058 | 5,083 | 3,558 |
| 16 | 105,141 | 5,341 | 3,739 |
| 17 | 110,482 | 5,612 | 3,929 |
| 18 | 116,094 | 5,898 | 4,128 |
| 19 | 121,992 | 6,197 | 4,338 |
| 20 | 128,189 | 6,512 | 4,558 |
| TOTAL | $84,701 | $59,291 |
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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|
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5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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