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 1.43% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 715 | 501 |
| 2 | 50,715 | 725 | 508 |
| 3 | 51,440 | 736 | 515 |
| 4 | 52,176 | 746 | 522 |
| 5 | 52,922 | 757 | 530 |
| 6 | 53,679 | 768 | 537 |
| 7 | 54,446 | 779 | 545 |
| 8 | 55,225 | 790 | 553 |
| 9 | 56,015 | 801 | 561 |
| 10 | 56,816 | 812 | 569 |
| 11 | 57,628 | 824 | 577 |
| 12 | 58,452 | 836 | 585 |
| 13 | 59,288 | 848 | 593 |
| 14 | 60,136 | 860 | 602 |
| 15 | 60,996 | 872 | 611 |
| 16 | 61,868 | 885 | 619 |
| 17 | 62,753 | 897 | 628 |
| 18 | 63,650 | 910 | 637 |
| 19 | 64,560 | 923 | 646 |
| 20 | 65,484 | 936 | 655 |
| TOTAL | $16,420 | $11,494 |
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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