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 5.41% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,705 | 1,894 |
| 2 | 52,705 | 2,851 | 1,996 |
| 3 | 55,556 | 3,006 | 2,104 |
| 4 | 58,562 | 3,168 | 2,218 |
| 5 | 61,730 | 3,340 | 2,338 |
| 6 | 65,070 | 3,520 | 2,464 |
| 7 | 68,590 | 3,711 | 2,598 |
| 8 | 72,301 | 3,911 | 2,738 |
| 9 | 76,212 | 4,123 | 2,886 |
| 10 | 80,335 | 4,346 | 3,042 |
| 11 | 84,681 | 4,581 | 3,207 |
| 12 | 89,263 | 4,829 | 3,380 |
| 13 | 94,092 | 5,090 | 3,563 |
| 14 | 99,182 | 5,366 | 3,756 |
| 15 | 104,548 | 5,656 | 3,959 |
| 16 | 110,204 | 5,962 | 4,173 |
| 17 | 116,166 | 6,285 | 4,399 |
| 18 | 122,451 | 6,625 | 4,637 |
| 19 | 129,075 | 6,983 | 4,888 |
| 20 | 136,058 | 7,361 | 5,153 |
| TOTAL | $93,419 | $65,393 |
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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|
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5.66% |
$25,000 |
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Last change: ↑0.46% on December 15, 2023. |
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|
|
5.60% |
$500 |
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Last change: ↑0.60% on April 19. |
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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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