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 2.32% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,162 | 813 |
| 2 | 51,162 | 1,188 | 832 |
| 3 | 52,350 | 1,216 | 851 |
| 4 | 53,566 | 1,244 | 871 |
| 5 | 54,810 | 1,273 | 891 |
| 6 | 56,084 | 1,303 | 912 |
| 7 | 57,386 | 1,333 | 933 |
| 8 | 58,720 | 1,364 | 955 |
| 9 | 60,084 | 1,396 | 977 |
| 10 | 61,479 | 1,428 | 1,000 |
| 11 | 62,908 | 1,461 | 1,023 |
| 12 | 64,369 | 1,495 | 1,047 |
| 13 | 65,864 | 1,530 | 1,071 |
| 14 | 67,394 | 1,566 | 1,096 |
| 15 | 68,960 | 1,602 | 1,121 |
| 16 | 70,562 | 1,639 | 1,147 |
| 17 | 72,201 | 1,677 | 1,174 |
| 18 | 73,878 | 1,716 | 1,201 |
| 19 | 75,594 | 1,756 | 1,229 |
| 20 | 77,350 | 1,797 | 1,258 |
| TOTAL | $29,147 | $20,403 |
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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