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 3.05% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,525 | 1,068 |
| 2 | 51,525 | 1,572 | 1,100 |
| 3 | 53,097 | 1,619 | 1,134 |
| 4 | 54,716 | 1,669 | 1,168 |
| 5 | 56,385 | 1,720 | 1,204 |
| 6 | 58,105 | 1,772 | 1,241 |
| 7 | 59,877 | 1,826 | 1,278 |
| 8 | 61,703 | 1,882 | 1,317 |
| 9 | 63,585 | 1,939 | 1,358 |
| 10 | 65,524 | 1,998 | 1,399 |
| 11 | 67,523 | 2,059 | 1,442 |
| 12 | 69,582 | 2,122 | 1,486 |
| 13 | 71,704 | 2,187 | 1,531 |
| 14 | 73,891 | 2,254 | 1,578 |
| 15 | 76,145 | 2,322 | 1,626 |
| 16 | 78,468 | 2,393 | 1,675 |
| 17 | 80,861 | 2,466 | 1,726 |
| 18 | 83,327 | 2,541 | 1,779 |
| 19 | 85,869 | 2,619 | 1,833 |
| 20 | 88,488 | 2,699 | 1,889 |
| TOTAL | $41,186 | $28,830 |
| Year | Rate 2.95% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,475 | 1,033 |
| 2 | 51,475 | 1,519 | 1,063 |
| 3 | 52,994 | 1,563 | 1,094 |
| 4 | 54,557 | 1,609 | 1,127 |
| 5 | 56,166 | 1,657 | 1,160 |
| 6 | 57,823 | 1,706 | 1,194 |
| 7 | 59,529 | 1,756 | 1,229 |
| 8 | 61,285 | 1,808 | 1,266 |
| 9 | 63,093 | 1,861 | 1,303 |
| 10 | 64,954 | 1,916 | 1,341 |
| 11 | 66,870 | 1,973 | 1,381 |
| 12 | 68,843 | 2,031 | 1,422 |
| 13 | 70,874 | 2,091 | 1,464 |
| 14 | 72,965 | 2,152 | 1,507 |
| 15 | 75,117 | 2,216 | 1,551 |
| 16 | 77,333 | 2,281 | 1,597 |
| 17 | 79,614 | 2,349 | 1,644 |
| 18 | 81,963 | 2,418 | 1,693 |
| 19 | 84,381 | 2,489 | 1,742 |
| 20 | 86,870 | 2,563 | 1,794 |
| TOTAL | $39,433 | $27,603 |
| Year | Rate 5.45% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,725 | 1,908 |
| 2 | 52,725 | 2,874 | 2,011 |
| 3 | 55,599 | 3,030 | 2,121 |
| 4 | 58,629 | 3,195 | 2,237 |
| 5 | 61,824 | 3,369 | 2,359 |
| 6 | 65,193 | 3,553 | 2,487 |
| 7 | 68,746 | 3,747 | 2,623 |
| 8 | 72,493 | 3,951 | 2,766 |
| 9 | 76,444 | 4,166 | 2,916 |
| 10 | 80,610 | 4,393 | 3,075 |
| 11 | 85,003 | 4,633 | 3,243 |
| 12 | 89,636 | 4,885 | 3,420 |
| 13 | 94,521 | 5,151 | 3,606 |
| 14 | 99,673 | 5,432 | 3,803 |
| 15 | 105,105 | 5,728 | 4,010 |
| 16 | 110,833 | 6,040 | 4,228 |
| 17 | 116,873 | 6,370 | 4,459 |
| 18 | 123,243 | 6,717 | 4,702 |
| 19 | 129,960 | 7,083 | 4,958 |
| 20 | 137,042 | 7,469 | 5,228 |
| TOTAL | $94,511 | $66,158 |
| Year | Rate 2.45% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,225 | 858 |
| 2 | 51,225 | 1,255 | 879 |
| 3 | 52,480 | 1,286 | 900 |
| 4 | 53,766 | 1,317 | 922 |
| 5 | 55,083 | 1,350 | 945 |
| 6 | 56,433 | 1,383 | 968 |
| 7 | 57,815 | 1,416 | 992 |
| 8 | 59,232 | 1,451 | 1,016 |
| 9 | 60,683 | 1,487 | 1,041 |
| 10 | 62,170 | 1,523 | 1,066 |
| 11 | 63,693 | 1,560 | 1,092 |
| 12 | 65,253 | 1,599 | 1,119 |
| 13 | 66,852 | 1,638 | 1,147 |
| 14 | 68,490 | 1,678 | 1,175 |
| 15 | 70,168 | 1,719 | 1,203 |
| 16 | 71,887 | 1,761 | 1,233 |
| 17 | 73,648 | 1,804 | 1,263 |
| 18 | 75,452 | 1,849 | 1,294 |
| 19 | 77,301 | 1,894 | 1,326 |
| 20 | 79,195 | 1,940 | 1,358 |
| TOTAL | $31,135 | $21,795 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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4.50% |
$50,000 |
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4.50% |
$500 |
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Last change: ↓0.50% on February 25. |
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