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 1.12% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 558 | 391 |
| 2 | 50,558 | 564 | 395 |
| 3 | 51,122 | 571 | 399 |
| 4 | 51,693 | 577 | 404 |
| 5 | 52,270 | 583 | 408 |
| 6 | 52,853 | 590 | 413 |
| 7 | 53,443 | 596 | 417 |
| 8 | 54,039 | 603 | 422 |
| 9 | 54,642 | 610 | 427 |
| 10 | 55,252 | 617 | 432 |
| 11 | 55,869 | 623 | 436 |
| 12 | 56,492 | 630 | 441 |
| 13 | 57,123 | 637 | 446 |
| 14 | 57,760 | 645 | 451 |
| 15 | 58,405 | 652 | 456 |
| 16 | 59,057 | 659 | 461 |
| 17 | 59,716 | 666 | 466 |
| 18 | 60,382 | 674 | 472 |
| 19 | 61,056 | 681 | 477 |
| 20 | 61,737 | 689 | 482 |
| TOTAL | $12,426 | $8,698 |
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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|
|
5.66% |
$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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|
|
5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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