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 4.50% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,250 | 1,575 |
| 2 | 52,250 | 2,351 | 1,646 |
| 3 | 54,601 | 2,457 | 1,720 |
| 4 | 57,058 | 2,568 | 1,797 |
| 5 | 59,626 | 2,683 | 1,878 |
| 6 | 62,309 | 2,804 | 1,963 |
| 7 | 65,113 | 2,930 | 2,051 |
| 8 | 68,043 | 3,062 | 2,143 |
| 9 | 71,105 | 3,200 | 2,240 |
| 10 | 74,305 | 3,344 | 2,341 |
| 11 | 77,648 | 3,494 | 2,446 |
| 12 | 81,143 | 3,651 | 2,556 |
| 13 | 84,794 | 3,816 | 2,671 |
| 14 | 88,610 | 3,987 | 2,791 |
| 15 | 92,597 | 4,167 | 2,917 |
| 16 | 96,764 | 4,354 | 3,048 |
| 17 | 101,119 | 4,550 | 3,185 |
| 18 | 105,669 | 4,755 | 3,329 |
| 19 | 110,424 | 4,969 | 3,478 |
| 20 | 115,393 | 5,193 | 3,635 |
| TOTAL | $70,586 | $49,410 |
| 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 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.25% |
$25,000 |
Learn More | |
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Last change: ↓0.16% on September 18. |
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|
|
4.25% |
$25,000 |
Learn More | |
|
Last change: ↓0.16% on September 18. |
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|
|
4.20% |
$1,500 |
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Last change: ↓0.10% on October 13. |
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|
|
4.15% |
$500 |
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|
|
4.15% |
$1,000 |
Learn More | |
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Last change: ↓0.15% on October 13. |
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