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 1.80% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 900 | 630 |
| 2 | 50,900 | 916 | 641 |
| 3 | 51,816 | 933 | 653 |
| 4 | 52,749 | 949 | 665 |
| 5 | 53,698 | 967 | 677 |
| 6 | 54,665 | 984 | 689 |
| 7 | 55,649 | 1,002 | 701 |
| 8 | 56,651 | 1,020 | 714 |
| 9 | 57,670 | 1,038 | 727 |
| 10 | 58,708 | 1,057 | 740 |
| 11 | 59,765 | 1,076 | 753 |
| 12 | 60,841 | 1,095 | 767 |
| 13 | 61,936 | 1,115 | 780 |
| 14 | 63,051 | 1,135 | 794 |
| 15 | 64,186 | 1,155 | 809 |
| 16 | 65,341 | 1,176 | 823 |
| 17 | 66,517 | 1,197 | 838 |
| 18 | 67,715 | 1,219 | 853 |
| 19 | 68,933 | 1,241 | 869 |
| 20 | 70,174 | 1,263 | 884 |
| TOTAL | $21,437 | $15,006 |
| Year | Rate 4.81% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,405 | 1,684 |
| 2 | 52,405 | 2,521 | 1,764 |
| 3 | 54,926 | 2,642 | 1,849 |
| 4 | 57,568 | 2,769 | 1,938 |
| 5 | 60,337 | 2,902 | 2,032 |
| 6 | 63,239 | 3,042 | 2,129 |
| 7 | 66,281 | 3,188 | 2,232 |
| 8 | 69,469 | 3,341 | 2,339 |
| 9 | 72,810 | 3,502 | 2,452 |
| 10 | 76,312 | 3,671 | 2,569 |
| 11 | 79,983 | 3,847 | 2,693 |
| 12 | 83,830 | 4,032 | 2,823 |
| 13 | 87,862 | 4,226 | 2,958 |
| 14 | 92,088 | 4,429 | 3,101 |
| 15 | 96,518 | 4,643 | 3,250 |
| 16 | 101,160 | 4,866 | 3,406 |
| 17 | 106,026 | 5,100 | 3,570 |
| 18 | 111,126 | 5,345 | 3,742 |
| 19 | 116,471 | 5,602 | 3,922 |
| 20 | 122,074 | 5,872 | 4,110 |
| TOTAL | $77,945 | $54,562 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.35% |
$1,000 |
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Last change: ↑2.35% on September 16. |
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|
|
4.34% |
$500 |
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Last change: ↑1.66% on April 4. |
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|
|
4.34% |
$500 |
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Last change: ↑0.66% on February 4. |
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|
|
4.30% |
$50,000 |
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Last change: ↓0.15% on September 23. |
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|
|
4.25% |
$25,000 |
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Last change: ↓0.16% on September 18. |
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