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 1.97% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 985 | 690 |
| 2 | 50,985 | 1,004 | 703 |
| 3 | 51,989 | 1,024 | 717 |
| 4 | 53,014 | 1,044 | 731 |
| 5 | 54,058 | 1,065 | 745 |
| 6 | 55,123 | 1,086 | 760 |
| 7 | 56,209 | 1,107 | 775 |
| 8 | 57,316 | 1,129 | 790 |
| 9 | 58,445 | 1,151 | 806 |
| 10 | 59,597 | 1,174 | 822 |
| 11 | 60,771 | 1,197 | 838 |
| 12 | 61,968 | 1,221 | 855 |
| 13 | 63,189 | 1,245 | 871 |
| 14 | 64,433 | 1,269 | 889 |
| 15 | 65,703 | 1,294 | 906 |
| 16 | 66,997 | 1,320 | 924 |
| 17 | 68,317 | 1,346 | 942 |
| 18 | 69,663 | 1,372 | 961 |
| 19 | 71,035 | 1,399 | 980 |
| 20 | 72,435 | 1,427 | 999 |
| TOTAL | $23,862 | $16,703 |
| Year | Rate 2.02% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,010 | 707 |
| 2 | 51,010 | 1,030 | 721 |
| 3 | 52,040 | 1,051 | 736 |
| 4 | 53,092 | 1,072 | 751 |
| 5 | 54,164 | 1,094 | 766 |
| 6 | 55,258 | 1,116 | 781 |
| 7 | 56,374 | 1,139 | 797 |
| 8 | 57,513 | 1,162 | 813 |
| 9 | 58,675 | 1,185 | 830 |
| 10 | 59,860 | 1,209 | 846 |
| 11 | 61,069 | 1,234 | 864 |
| 12 | 62,303 | 1,259 | 881 |
| 13 | 63,561 | 1,284 | 899 |
| 14 | 64,845 | 1,310 | 917 |
| 15 | 66,155 | 1,336 | 935 |
| 16 | 67,492 | 1,363 | 954 |
| 17 | 68,855 | 1,391 | 974 |
| 18 | 70,246 | 1,419 | 993 |
| 19 | 71,665 | 1,448 | 1,013 |
| 20 | 73,112 | 1,477 | 1,034 |
| TOTAL | $24,589 | $17,212 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.25% |
$25,000 |
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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% |
$1,000 |
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Last change: ↓0.15% on October 13. |
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|
|
4.15% |
$500 |
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|
|
4.10% |
$25,000 |
Learn More | |
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Last change: ↓0.15% on November 26. |
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