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 4.02% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,009 | 1,406 |
| 2 | 52,009 | 2,090 | 1,463 |
| 3 | 54,099 | 2,174 | 1,522 |
| 4 | 56,272 | 2,261 | 1,583 |
| 5 | 58,533 | 2,352 | 1,646 |
| 6 | 60,885 | 2,446 | 1,712 |
| 7 | 63,332 | 2,545 | 1,781 |
| 8 | 65,876 | 2,647 | 1,853 |
| 9 | 68,523 | 2,753 | 1,927 |
| 10 | 71,277 | 2,864 | 2,005 |
| 11 | 74,140 | 2,979 | 2,085 |
| 12 | 77,119 | 3,099 | 2,169 |
| 13 | 80,218 | 3,223 | 2,256 |
| 14 | 83,441 | 3,353 | 2,347 |
| 15 | 86,794 | 3,487 | 2,441 |
| 16 | 90,281 | 3,628 | 2,539 |
| 17 | 93,909 | 3,773 | 2,641 |
| 18 | 97,682 | 3,925 | 2,747 |
| 19 | 101,607 | 4,083 | 2,858 |
| 20 | 105,689 | 4,247 | 2,973 |
| TOTAL | $59,936 | $41,955 |
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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|
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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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