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 0.55% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 275 | 193 |
| 2 | 50,275 | 277 | 194 |
| 3 | 50,552 | 278 | 195 |
| 4 | 50,830 | 280 | 196 |
| 5 | 51,109 | 281 | 197 |
| 6 | 51,390 | 283 | 198 |
| 7 | 51,673 | 284 | 199 |
| 8 | 51,957 | 286 | 200 |
| 9 | 52,243 | 287 | 201 |
| 10 | 52,530 | 289 | 202 |
| 11 | 52,819 | 291 | 203 |
| 12 | 53,110 | 292 | 204 |
| 13 | 53,402 | 294 | 206 |
| 14 | 53,695 | 295 | 207 |
| 15 | 53,991 | 297 | 208 |
| 16 | 54,288 | 299 | 209 |
| 17 | 54,586 | 300 | 210 |
| 18 | 54,886 | 302 | 211 |
| 19 | 55,188 | 304 | 212 |
| 20 | 55,492 | 305 | 214 |
| TOTAL | $5,797 | $4,058 |
| Year | Rate 1.11% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 555 | 389 |
| 2 | 50,555 | 561 | 393 |
| 3 | 51,116 | 567 | 397 |
| 4 | 51,684 | 574 | 402 |
| 5 | 52,257 | 580 | 406 |
| 6 | 52,837 | 586 | 411 |
| 7 | 53,424 | 593 | 415 |
| 8 | 54,017 | 600 | 420 |
| 9 | 54,616 | 606 | 424 |
| 10 | 55,223 | 613 | 429 |
| 11 | 55,836 | 620 | 434 |
| 12 | 56,455 | 627 | 439 |
| 13 | 57,082 | 634 | 444 |
| 14 | 57,716 | 641 | 448 |
| 15 | 58,356 | 648 | 453 |
| 16 | 59,004 | 655 | 458 |
| 17 | 59,659 | 662 | 464 |
| 18 | 60,321 | 670 | 469 |
| 19 | 60,991 | 677 | 474 |
| 20 | 61,668 | 685 | 479 |
| TOTAL | $12,352 | $8,647 |
| Year | Rate 1.36% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 680 | 476 |
| 2 | 50,680 | 689 | 482 |
| 3 | 51,369 | 699 | 489 |
| 4 | 52,068 | 708 | 496 |
| 5 | 52,776 | 718 | 502 |
| 6 | 53,494 | 728 | 509 |
| 7 | 54,221 | 737 | 516 |
| 8 | 54,959 | 747 | 523 |
| 9 | 55,706 | 758 | 530 |
| 10 | 56,464 | 768 | 538 |
| 11 | 57,232 | 778 | 545 |
| 12 | 58,010 | 789 | 552 |
| 13 | 58,799 | 800 | 560 |
| 14 | 59,599 | 811 | 567 |
| 15 | 60,409 | 822 | 575 |
| 16 | 61,231 | 833 | 583 |
| 17 | 62,063 | 844 | 591 |
| 18 | 62,907 | 856 | 599 |
| 19 | 63,763 | 867 | 607 |
| 20 | 64,630 | 879 | 615 |
| TOTAL | $15,509 | $10,856 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
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|
Last change: ↓0.50% on October 1, 2024. |
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|
|
4.50% |
$500 |
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|
Last change: ↑0.20% on January 18. |
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|
|
4.45% |
$1,500 |
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|
Last change: ↑0.10% on July 13. |
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|
|
4.45% |
$5,000 |
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|
Last change: ↑0.40% on June 24. |
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|
|
4.45% |
$50,000 |
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|
Last change: ↓0.05% on August 2. |
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