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 2.41% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,205 | 844 |
| 2 | 51,205 | 1,234 | 864 |
| 3 | 52,439 | 1,264 | 885 |
| 4 | 53,703 | 1,294 | 906 |
| 5 | 54,997 | 1,325 | 928 |
| 6 | 56,322 | 1,357 | 950 |
| 7 | 57,680 | 1,390 | 973 |
| 8 | 59,070 | 1,424 | 997 |
| 9 | 60,494 | 1,458 | 1,021 |
| 10 | 61,951 | 1,493 | 1,045 |
| 11 | 63,444 | 1,529 | 1,070 |
| 12 | 64,973 | 1,566 | 1,096 |
| 13 | 66,539 | 1,604 | 1,123 |
| 14 | 68,143 | 1,642 | 1,150 |
| 15 | 69,785 | 1,682 | 1,177 |
| 16 | 71,467 | 1,722 | 1,206 |
| 17 | 73,189 | 1,764 | 1,235 |
| 18 | 74,953 | 1,806 | 1,264 |
| 19 | 76,760 | 1,850 | 1,295 |
| 20 | 78,609 | 1,894 | 1,326 |
| TOTAL | $30,504 | $21,353 |
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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|
|
5.66% |
$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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