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 2.47% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,235 | 865 |
| 2 | 51,235 | 1,266 | 886 |
| 3 | 52,501 | 1,297 | 908 |
| 4 | 53,797 | 1,329 | 930 |
| 5 | 55,126 | 1,362 | 953 |
| 6 | 56,488 | 1,395 | 977 |
| 7 | 57,883 | 1,430 | 1,001 |
| 8 | 59,313 | 1,465 | 1,026 |
| 9 | 60,778 | 1,501 | 1,051 |
| 10 | 62,279 | 1,538 | 1,077 |
| 11 | 63,817 | 1,576 | 1,103 |
| 12 | 65,393 | 1,615 | 1,131 |
| 13 | 67,009 | 1,655 | 1,159 |
| 14 | 68,664 | 1,696 | 1,187 |
| 15 | 70,360 | 1,738 | 1,217 |
| 16 | 72,098 | 1,781 | 1,247 |
| 17 | 73,878 | 1,825 | 1,277 |
| 18 | 75,703 | 1,870 | 1,309 |
| 19 | 77,573 | 1,916 | 1,341 |
| 20 | 79,489 | 1,963 | 1,374 |
| TOTAL | $31,453 | $22,017 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
6.00% |
$5,000 |
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|
6 Month CD Special. Must be linked to a standard consumer or business checking account in which 12.6% of the total combined balance is maintained. Otherwise APY is 5.25%. |
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|
|
5.51% |
$25,000 |
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Last change: ↓0.15% on May 13. |
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|
|
5.49% |
$50,000 |
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|
Last change: ↑0.09% on March 12. |
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|
|
5.46% |
$1,000 |
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|
Last change: ↓0.05% on May 9. |
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|
|
5.41% |
$50,000 |
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|
Last change: ↓0.36% on March 12. |
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