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 0.85% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 424 | 296 |
| 2 | 50,424 | 427 | 299 |
| 3 | 50,851 | 431 | 301 |
| 4 | 51,281 | 434 | 304 |
| 5 | 51,716 | 438 | 307 |
| 6 | 52,154 | 442 | 309 |
| 7 | 52,595 | 445 | 312 |
| 8 | 53,041 | 449 | 314 |
| 9 | 53,490 | 453 | 317 |
| 10 | 53,943 | 457 | 320 |
| 11 | 54,400 | 461 | 323 |
| 12 | 54,861 | 465 | 325 |
| 13 | 55,326 | 469 | 328 |
| 14 | 55,794 | 473 | 331 |
| 15 | 56,267 | 477 | 334 |
| 16 | 56,743 | 481 | 336 |
| 17 | 57,224 | 485 | 339 |
| 18 | 57,709 | 489 | 342 |
| 19 | 58,197 | 493 | 345 |
| 20 | 58,690 | 497 | 348 |
| TOTAL | $9,187 | $6,431 |
| Year | Rate 0.10% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 50 | 35 |
| 2 | 50,050 | 50 | 35 |
| 3 | 50,100 | 50 | 35 |
| 4 | 50,150 | 50 | 35 |
| 5 | 50,200 | 50 | 35 |
| 6 | 50,251 | 50 | 35 |
| 7 | 50,301 | 50 | 35 |
| 8 | 50,351 | 50 | 35 |
| 9 | 50,401 | 50 | 35 |
| 10 | 50,452 | 50 | 35 |
| 11 | 50,502 | 51 | 35 |
| 12 | 50,553 | 51 | 35 |
| 13 | 50,603 | 51 | 35 |
| 14 | 50,654 | 51 | 35 |
| 15 | 50,705 | 51 | 35 |
| 16 | 50,755 | 51 | 36 |
| 17 | 50,806 | 51 | 36 |
| 18 | 50,857 | 51 | 36 |
| 19 | 50,908 | 51 | 36 |
| 20 | 50,959 | 51 | 36 |
| TOTAL | $1,010 | $707 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
Learn More | |
|
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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|
|
4.50% |
$50,000 |
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|
Last change: ↑0.20% on April 9. |
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|
|
4.49% |
$1,000 |
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|
Last change: ↑0.34% on May 27. |
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|
|
4.46% |
$50,000 |
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|
Last change: ↑0.26% on April 9. |
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