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 2.85% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,425 | 998 |
| 2 | 51,425 | 1,466 | 1,026 |
| 3 | 52,891 | 1,507 | 1,055 |
| 4 | 54,398 | 1,550 | 1,085 |
| 5 | 55,948 | 1,595 | 1,116 |
| 6 | 57,543 | 1,640 | 1,148 |
| 7 | 59,183 | 1,687 | 1,181 |
| 8 | 60,870 | 1,735 | 1,214 |
| 9 | 62,604 | 1,784 | 1,249 |
| 10 | 64,389 | 1,835 | 1,285 |
| 11 | 66,224 | 1,887 | 1,321 |
| 12 | 68,111 | 1,941 | 1,359 |
| 13 | 70,052 | 1,996 | 1,398 |
| 14 | 72,049 | 2,053 | 1,437 |
| 15 | 74,102 | 2,112 | 1,478 |
| 16 | 76,214 | 2,172 | 1,520 |
| 17 | 78,386 | 2,234 | 1,564 |
| 18 | 80,620 | 2,298 | 1,608 |
| 19 | 82,918 | 2,363 | 1,654 |
| 20 | 85,281 | 2,431 | 1,701 |
| TOTAL | $37,711 | $26,398 |
| Year | Rate 2.80% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,400 | 980 |
| 2 | 51,400 | 1,439 | 1,007 |
| 3 | 52,839 | 1,479 | 1,036 |
| 4 | 54,319 | 1,521 | 1,065 |
| 5 | 55,840 | 1,564 | 1,094 |
| 6 | 57,403 | 1,607 | 1,125 |
| 7 | 59,010 | 1,652 | 1,157 |
| 8 | 60,663 | 1,699 | 1,189 |
| 9 | 62,361 | 1,746 | 1,222 |
| 10 | 64,107 | 1,795 | 1,257 |
| 11 | 65,902 | 1,845 | 1,292 |
| 12 | 67,748 | 1,897 | 1,328 |
| 13 | 69,645 | 1,950 | 1,365 |
| 14 | 71,595 | 2,005 | 1,403 |
| 15 | 73,599 | 2,061 | 1,443 |
| 16 | 75,660 | 2,118 | 1,483 |
| 17 | 77,779 | 2,178 | 1,524 |
| 18 | 79,956 | 2,239 | 1,567 |
| 19 | 82,195 | 2,301 | 1,611 |
| 20 | 84,497 | 2,366 | 1,656 |
| TOTAL | $36,862 | $25,804 |
| Year | Rate 3.20% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,600 | 1,120 |
| 2 | 51,600 | 1,651 | 1,156 |
| 3 | 53,251 | 1,704 | 1,193 |
| 4 | 54,955 | 1,759 | 1,231 |
| 5 | 56,714 | 1,815 | 1,270 |
| 6 | 58,529 | 1,873 | 1,311 |
| 7 | 60,402 | 1,933 | 1,353 |
| 8 | 62,334 | 1,995 | 1,396 |
| 9 | 64,329 | 2,059 | 1,441 |
| 10 | 66,388 | 2,124 | 1,487 |
| 11 | 68,512 | 2,192 | 1,535 |
| 12 | 70,704 | 2,263 | 1,584 |
| 13 | 72,967 | 2,335 | 1,634 |
| 14 | 75,302 | 2,410 | 1,687 |
| 15 | 77,712 | 2,487 | 1,741 |
| 16 | 80,198 | 2,566 | 1,796 |
| 17 | 82,765 | 2,648 | 1,854 |
| 18 | 85,413 | 2,733 | 1,913 |
| 19 | 88,146 | 2,821 | 1,974 |
| 20 | 90,967 | 2,911 | 2,038 |
| TOTAL | $43,878 | $30,715 |
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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4.45% |
$1,500 |
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4.45% |
$5,000 |
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4.45% |
$50,000 |
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Last change: ↓0.05% on August 2. |
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