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 1.21% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 605 | 424 |
| 2 | 50,605 | 612 | 429 |
| 3 | 51,217 | 620 | 434 |
| 4 | 51,837 | 627 | 439 |
| 5 | 52,464 | 635 | 444 |
| 6 | 53,099 | 642 | 450 |
| 7 | 53,742 | 650 | 455 |
| 8 | 54,392 | 658 | 461 |
| 9 | 55,050 | 666 | 466 |
| 10 | 55,716 | 674 | 472 |
| 11 | 56,390 | 682 | 478 |
| 12 | 57,073 | 691 | 483 |
| 13 | 57,763 | 699 | 489 |
| 14 | 58,462 | 707 | 495 |
| 15 | 59,170 | 716 | 501 |
| 16 | 59,885 | 725 | 507 |
| 17 | 60,610 | 733 | 513 |
| 18 | 61,343 | 742 | 520 |
| 19 | 62,086 | 751 | 526 |
| 20 | 62,837 | 760 | 532 |
| TOTAL | $13,597 | $9,518 |
| Year | Rate 0.55% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 275 | 193 |
| 2 | 50,275 | 277 | 194 |
| 3 | 50,552 | 278 | 195 |
| 4 | 50,830 | 280 | 196 |
| 5 | 51,109 | 281 | 197 |
| 6 | 51,390 | 283 | 198 |
| 7 | 51,673 | 284 | 199 |
| 8 | 51,957 | 286 | 200 |
| 9 | 52,243 | 287 | 201 |
| 10 | 52,530 | 289 | 202 |
| 11 | 52,819 | 291 | 203 |
| 12 | 53,110 | 292 | 204 |
| 13 | 53,402 | 294 | 206 |
| 14 | 53,695 | 295 | 207 |
| 15 | 53,991 | 297 | 208 |
| 16 | 54,288 | 299 | 209 |
| 17 | 54,586 | 300 | 210 |
| 18 | 54,886 | 302 | 211 |
| 19 | 55,188 | 304 | 212 |
| 20 | 55,492 | 305 | 214 |
| TOTAL | $5,797 | $4,058 |
| Year | Rate 3.56% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,780 | 1,246 |
| 2 | 51,780 | 1,843 | 1,290 |
| 3 | 53,623 | 1,909 | 1,336 |
| 4 | 55,532 | 1,977 | 1,384 |
| 5 | 57,509 | 2,047 | 1,433 |
| 6 | 59,557 | 2,120 | 1,484 |
| 7 | 61,677 | 2,196 | 1,537 |
| 8 | 63,873 | 2,274 | 1,592 |
| 9 | 66,146 | 2,355 | 1,648 |
| 10 | 68,501 | 2,439 | 1,707 |
| 11 | 70,940 | 2,525 | 1,768 |
| 12 | 73,465 | 2,615 | 1,831 |
| 13 | 76,081 | 2,708 | 1,896 |
| 14 | 78,789 | 2,805 | 1,963 |
| 15 | 81,594 | 2,905 | 2,033 |
| 16 | 84,499 | 3,008 | 2,106 |
| 17 | 87,507 | 3,115 | 2,181 |
| 18 | 90,622 | 3,226 | 2,258 |
| 19 | 93,848 | 3,341 | 2,339 |
| 20 | 97,189 | 3,460 | 2,422 |
| TOTAL | $50,649 | $35,455 |
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: ↓0.05% on April 30. |
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|
|
4.50% |
$50,000 |
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|
Last change: ↑0.20% on April 9. |
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|
|
4.50% |
$500 |
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|
Last change: ↓0.50% on February 25. |
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