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 1.55% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 773 | 541 |
| 2 | 50,773 | 784 | 549 |
| 3 | 51,557 | 797 | 558 |
| 4 | 52,353 | 809 | 566 |
| 5 | 53,162 | 821 | 575 |
| 6 | 53,984 | 834 | 584 |
| 7 | 54,818 | 847 | 593 |
| 8 | 55,665 | 860 | 602 |
| 9 | 56,525 | 873 | 611 |
| 10 | 57,398 | 887 | 621 |
| 11 | 58,285 | 901 | 630 |
| 12 | 59,185 | 914 | 640 |
| 13 | 60,100 | 929 | 650 |
| 14 | 61,028 | 943 | 660 |
| 15 | 61,971 | 957 | 670 |
| 16 | 62,929 | 972 | 681 |
| 17 | 63,901 | 987 | 691 |
| 18 | 64,888 | 1,003 | 702 |
| 19 | 65,891 | 1,018 | 713 |
| 20 | 66,909 | 1,034 | 724 |
| TOTAL | $17,942 | $12,560 |
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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|
|
5.51% |
$25,000 |
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|
Last change: ↓0.15% on May 13. |
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|
|
5.49% |
$50,000 |
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|
Last change: ↑0.09% on March 12. |
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|
|
5.46% |
$1,000 |
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|
Last change: ↓0.05% on May 9. |
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|
|
5.41% |
$50,000 |
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|
Last change: ↓0.36% on March 12. |
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