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 6.25% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 3,125 | 2,188 |
| 2 | 53,125 | 3,320 | 2,324 |
| 3 | 56,445 | 3,528 | 2,469 |
| 4 | 59,973 | 3,748 | 2,624 |
| 5 | 63,721 | 3,983 | 2,788 |
| 6 | 67,704 | 4,232 | 2,962 |
| 7 | 71,936 | 4,496 | 3,147 |
| 8 | 76,432 | 4,777 | 3,344 |
| 9 | 81,209 | 5,076 | 3,553 |
| 10 | 86,284 | 5,393 | 3,775 |
| 11 | 91,677 | 5,730 | 4,011 |
| 12 | 97,407 | 6,088 | 4,262 |
| 13 | 103,494 | 6,468 | 4,528 |
| 14 | 109,963 | 6,873 | 4,811 |
| 15 | 116,836 | 7,302 | 5,112 |
| 16 | 124,138 | 7,759 | 5,431 |
| 17 | 131,896 | 8,244 | 5,770 |
| 18 | 140,140 | 8,759 | 6,131 |
| 19 | 148,899 | 9,306 | 6,514 |
| 20 | 158,205 | 9,888 | 6,921 |
| TOTAL | $118,093 | $82,665 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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5.66% |
$25,000 |
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Last change: ↑0.46% on December 15, 2023. |
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5.50% |
$500 |
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Last change: ↑0.20% on September 8, 2023. |
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5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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5.49% |
$50,000 |
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Last change: ↑0.09% on March 12. |
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