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 1.05% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 525 | 368 |
| 2 | 50,525 | 531 | 371 |
| 3 | 51,056 | 536 | 375 |
| 4 | 51,592 | 542 | 379 |
| 5 | 52,133 | 547 | 383 |
| 6 | 52,681 | 553 | 387 |
| 7 | 53,234 | 559 | 391 |
| 8 | 53,793 | 565 | 395 |
| 9 | 54,358 | 571 | 400 |
| 10 | 54,928 | 577 | 404 |
| 11 | 55,505 | 583 | 408 |
| 12 | 56,088 | 589 | 412 |
| 13 | 56,677 | 595 | 417 |
| 14 | 57,272 | 601 | 421 |
| 15 | 57,873 | 608 | 425 |
| 16 | 58,481 | 614 | 430 |
| 17 | 59,095 | 620 | 434 |
| 18 | 59,716 | 627 | 439 |
| 19 | 60,343 | 634 | 444 |
| 20 | 60,976 | 640 | 448 |
| TOTAL | $11,616 | $8,131 |
| Year | Rate 1.55% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 775 | 543 |
| 2 | 50,775 | 787 | 551 |
| 3 | 51,562 | 799 | 559 |
| 4 | 52,361 | 812 | 568 |
| 5 | 53,173 | 824 | 577 |
| 6 | 53,997 | 837 | 586 |
| 7 | 54,834 | 850 | 595 |
| 8 | 55,684 | 863 | 604 |
| 9 | 56,547 | 876 | 614 |
| 10 | 57,423 | 890 | 623 |
| 11 | 58,314 | 904 | 633 |
| 12 | 59,217 | 918 | 643 |
| 13 | 60,135 | 932 | 652 |
| 14 | 61,067 | 947 | 663 |
| 15 | 62,014 | 961 | 673 |
| 16 | 62,975 | 976 | 683 |
| 17 | 63,951 | 991 | 694 |
| 18 | 64,942 | 1,007 | 705 |
| 19 | 65,949 | 1,022 | 716 |
| 20 | 66,971 | 1,038 | 727 |
| TOTAL | $18,009 | $12,607 |
| Year | Rate 0.05% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 25 | 18 |
| 2 | 50,025 | 25 | 18 |
| 3 | 50,050 | 25 | 18 |
| 4 | 50,075 | 25 | 18 |
| 5 | 50,100 | 25 | 18 |
| 6 | 50,125 | 25 | 18 |
| 7 | 50,150 | 25 | 18 |
| 8 | 50,175 | 25 | 18 |
| 9 | 50,200 | 25 | 18 |
| 10 | 50,225 | 25 | 18 |
| 11 | 50,251 | 25 | 18 |
| 12 | 50,276 | 25 | 18 |
| 13 | 50,301 | 25 | 18 |
| 14 | 50,326 | 25 | 18 |
| 15 | 50,351 | 25 | 18 |
| 16 | 50,376 | 25 | 18 |
| 17 | 50,402 | 25 | 18 |
| 18 | 50,427 | 25 | 18 |
| 19 | 50,452 | 25 | 18 |
| 20 | 50,477 | 25 | 18 |
| TOTAL | $502 | $352 |
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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|
|
4.51% |
$1,000 |
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Last change: ↑0.06% on June 24. |
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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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|
4.49% |
$1,000 |
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Last change: ↑0.34% on May 27. |
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