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 2.47% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,235 | 864 |
| 2 | 51,235 | 1,265 | 885 |
| 3 | 52,499 | 1,296 | 907 |
| 4 | 53,796 | 1,328 | 930 |
| 5 | 55,124 | 1,361 | 953 |
| 6 | 56,485 | 1,395 | 976 |
| 7 | 57,880 | 1,429 | 1,000 |
| 8 | 59,309 | 1,464 | 1,025 |
| 9 | 60,773 | 1,500 | 1,050 |
| 10 | 62,273 | 1,538 | 1,076 |
| 11 | 63,811 | 1,575 | 1,103 |
| 12 | 65,386 | 1,614 | 1,130 |
| 13 | 67,001 | 1,654 | 1,158 |
| 14 | 68,655 | 1,695 | 1,187 |
| 15 | 70,350 | 1,737 | 1,216 |
| 16 | 72,087 | 1,780 | 1,246 |
| 17 | 73,867 | 1,824 | 1,277 |
| 18 | 75,691 | 1,869 | 1,308 |
| 19 | 77,559 | 1,915 | 1,340 |
| 20 | 79,474 | 1,962 | 1,374 |
| TOTAL | $31,437 | $22,006 |
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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|
|
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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