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.
You May Choose More Savings or CD Products From Among these Popular Products to Compare
| Year | Rate 0.85% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 426 | 298 |
| 2 | 50,426 | 430 | 301 |
| 3 | 50,856 | 433 | 303 |
| 4 | 51,289 | 437 | 306 |
| 5 | 51,726 | 441 | 308 |
| 6 | 52,167 | 444 | 311 |
| 7 | 52,611 | 448 | 314 |
| 8 | 53,059 | 452 | 316 |
| 9 | 53,511 | 456 | 319 |
| 10 | 53,967 | 460 | 322 |
| 11 | 54,427 | 464 | 325 |
| 12 | 54,891 | 468 | 327 |
| 13 | 55,358 | 472 | 330 |
| 14 | 55,830 | 476 | 333 |
| 15 | 56,306 | 480 | 336 |
| 16 | 56,786 | 484 | 339 |
| 17 | 57,269 | 488 | 342 |
| 18 | 57,757 | 492 | 344 |
| 19 | 58,249 | 496 | 347 |
| 20 | 58,746 | 501 | 350 |
| TOTAL | $9,246 | $6,472 |
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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