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 2.18% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,092 | 764 |
| 2 | 51,092 | 1,116 | 781 |
| 3 | 52,208 | 1,140 | 798 |
| 4 | 53,348 | 1,165 | 816 |
| 5 | 54,513 | 1,191 | 833 |
| 6 | 55,704 | 1,217 | 852 |
| 7 | 56,920 | 1,243 | 870 |
| 8 | 58,163 | 1,270 | 889 |
| 9 | 59,434 | 1,298 | 909 |
| 10 | 60,732 | 1,326 | 928 |
| 11 | 62,058 | 1,355 | 949 |
| 12 | 63,414 | 1,385 | 969 |
| 13 | 64,798 | 1,415 | 991 |
| 14 | 66,214 | 1,446 | 1,012 |
| 15 | 67,660 | 1,478 | 1,034 |
| 16 | 69,137 | 1,510 | 1,057 |
| 17 | 70,647 | 1,543 | 1,080 |
| 18 | 72,190 | 1,577 | 1,104 |
| 19 | 73,767 | 1,611 | 1,128 |
| 20 | 75,378 | 1,646 | 1,152 |
| TOTAL | $27,024 | $18,917 |
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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