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 2.15% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,075 | 753 |
| 2 | 51,075 | 1,098 | 769 |
| 3 | 52,173 | 1,122 | 785 |
| 4 | 53,295 | 1,146 | 802 |
| 5 | 54,441 | 1,170 | 819 |
| 6 | 55,611 | 1,196 | 837 |
| 7 | 56,807 | 1,221 | 855 |
| 8 | 58,028 | 1,248 | 873 |
| 9 | 59,276 | 1,274 | 892 |
| 10 | 60,550 | 1,302 | 911 |
| 11 | 61,852 | 1,330 | 931 |
| 12 | 63,182 | 1,358 | 951 |
| 13 | 64,540 | 1,388 | 971 |
| 14 | 65,928 | 1,417 | 992 |
| 15 | 67,345 | 1,448 | 1,014 |
| 16 | 68,793 | 1,479 | 1,035 |
| 17 | 70,272 | 1,511 | 1,058 |
| 18 | 71,783 | 1,543 | 1,080 |
| 19 | 73,326 | 1,577 | 1,104 |
| 20 | 74,903 | 1,610 | 1,127 |
| TOTAL | $26,513 | $18,559 |
| Year | Rate 0.05% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 25 | 18 |
| 2 | 50,025 | 25 | 18 |
| 3 | 50,050 | 25 | 18 |
| 4 | 50,075 | 25 | 18 |
| 5 | 50,100 | 25 | 18 |
| 6 | 50,125 | 25 | 18 |
| 7 | 50,150 | 25 | 18 |
| 8 | 50,175 | 25 | 18 |
| 9 | 50,200 | 25 | 18 |
| 10 | 50,225 | 25 | 18 |
| 11 | 50,251 | 25 | 18 |
| 12 | 50,276 | 25 | 18 |
| 13 | 50,301 | 25 | 18 |
| 14 | 50,326 | 25 | 18 |
| 15 | 50,351 | 25 | 18 |
| 16 | 50,376 | 25 | 18 |
| 17 | 50,402 | 25 | 18 |
| 18 | 50,427 | 25 | 18 |
| 19 | 50,452 | 25 | 18 |
| 20 | 50,477 | 25 | 18 |
| TOTAL | $502 | $352 |
| 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 |
| Year | Rate 3.50% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,750 | 1,225 |
| 2 | 51,750 | 1,811 | 1,268 |
| 3 | 53,561 | 1,875 | 1,312 |
| 4 | 55,436 | 1,940 | 1,358 |
| 5 | 57,376 | 2,008 | 1,406 |
| 6 | 59,384 | 2,078 | 1,455 |
| 7 | 61,463 | 2,151 | 1,506 |
| 8 | 63,614 | 2,226 | 1,559 |
| 9 | 65,840 | 2,304 | 1,613 |
| 10 | 68,145 | 2,385 | 1,670 |
| 11 | 70,530 | 2,469 | 1,728 |
| 12 | 72,998 | 2,555 | 1,788 |
| 13 | 75,553 | 2,644 | 1,851 |
| 14 | 78,198 | 2,737 | 1,916 |
| 15 | 80,935 | 2,833 | 1,983 |
| 16 | 83,767 | 2,932 | 2,052 |
| 17 | 86,699 | 3,034 | 2,124 |
| 18 | 89,734 | 3,141 | 2,198 |
| 19 | 92,874 | 3,251 | 2,275 |
| 20 | 96,125 | 3,364 | 2,355 |
| TOTAL | $49,489 | $34,643 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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Last change: ↑0.10% on July 13. |
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|
|
4.45% |
$5,000 |
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Last change: ↑0.40% on June 24. |
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|
|
4.45% |
$50,000 |
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Last change: ↓0.05% on August 2. |
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