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 1.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 500 | 350 |
| 2 | 50,500 | 505 | 354 |
| 3 | 51,005 | 510 | 357 |
| 4 | 51,515 | 515 | 361 |
| 5 | 52,030 | 520 | 364 |
| 6 | 52,551 | 526 | 368 |
| 7 | 53,076 | 531 | 372 |
| 8 | 53,607 | 536 | 375 |
| 9 | 54,143 | 541 | 379 |
| 10 | 54,684 | 547 | 383 |
| 11 | 55,231 | 552 | 387 |
| 12 | 55,783 | 558 | 390 |
| 13 | 56,341 | 563 | 394 |
| 14 | 56,905 | 569 | 398 |
| 15 | 57,474 | 575 | 402 |
| 16 | 58,048 | 580 | 406 |
| 17 | 58,629 | 586 | 410 |
| 18 | 59,215 | 592 | 415 |
| 19 | 59,807 | 598 | 419 |
| 20 | 60,405 | 604 | 423 |
| TOTAL | $11,010 | $7,707 |
| Year | Rate 3.80% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,900 | 1,330 |
| 2 | 51,900 | 1,972 | 1,381 |
| 3 | 53,872 | 2,047 | 1,433 |
| 4 | 55,919 | 2,125 | 1,487 |
| 5 | 58,044 | 2,206 | 1,544 |
| 6 | 60,250 | 2,289 | 1,603 |
| 7 | 62,539 | 2,376 | 1,664 |
| 8 | 64,916 | 2,467 | 1,727 |
| 9 | 67,383 | 2,561 | 1,792 |
| 10 | 69,943 | 2,658 | 1,860 |
| 11 | 72,601 | 2,759 | 1,931 |
| 12 | 75,360 | 2,864 | 2,005 |
| 13 | 78,224 | 2,972 | 2,081 |
| 14 | 81,196 | 3,085 | 2,160 |
| 15 | 84,282 | 3,203 | 2,242 |
| 16 | 87,484 | 3,324 | 2,327 |
| 17 | 90,809 | 3,451 | 2,416 |
| 18 | 94,259 | 3,582 | 2,507 |
| 19 | 97,841 | 3,718 | 2,603 |
| 20 | 101,559 | 3,859 | 2,701 |
| TOTAL | $55,419 | $38,793 |
| Year | Rate 2.79% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,395 | 977 |
| 2 | 51,395 | 1,434 | 1,004 |
| 3 | 52,829 | 1,474 | 1,032 |
| 4 | 54,303 | 1,515 | 1,061 |
| 5 | 55,818 | 1,557 | 1,090 |
| 6 | 57,375 | 1,601 | 1,121 |
| 7 | 58,976 | 1,645 | 1,152 |
| 8 | 60,621 | 1,691 | 1,184 |
| 9 | 62,313 | 1,739 | 1,217 |
| 10 | 64,051 | 1,787 | 1,251 |
| 11 | 65,838 | 1,837 | 1,286 |
| 12 | 67,675 | 1,888 | 1,322 |
| 13 | 69,563 | 1,941 | 1,359 |
| 14 | 71,504 | 1,995 | 1,396 |
| 15 | 73,499 | 2,051 | 1,435 |
| 16 | 75,550 | 2,108 | 1,475 |
| 17 | 77,658 | 2,167 | 1,517 |
| 18 | 79,824 | 2,227 | 1,559 |
| 19 | 82,051 | 2,289 | 1,602 |
| 20 | 84,341 | 2,353 | 1,647 |
| TOTAL | $36,694 | $25,686 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.55% |
$1,000 |
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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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