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 2.25% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,125 | 788 |
| 2 | 51,125 | 1,150 | 805 |
| 3 | 52,275 | 1,176 | 823 |
| 4 | 53,452 | 1,203 | 842 |
| 5 | 54,654 | 1,230 | 861 |
| 6 | 55,884 | 1,257 | 880 |
| 7 | 57,141 | 1,286 | 900 |
| 8 | 58,427 | 1,315 | 920 |
| 9 | 59,742 | 1,344 | 941 |
| 10 | 61,086 | 1,374 | 962 |
| 11 | 62,460 | 1,405 | 984 |
| 12 | 63,866 | 1,437 | 1,006 |
| 13 | 65,302 | 1,469 | 1,029 |
| 14 | 66,772 | 1,502 | 1,052 |
| 15 | 68,274 | 1,536 | 1,075 |
| 16 | 69,810 | 1,571 | 1,100 |
| 17 | 71,381 | 1,606 | 1,124 |
| 18 | 72,987 | 1,642 | 1,150 |
| 19 | 74,629 | 1,679 | 1,175 |
| 20 | 76,309 | 1,717 | 1,202 |
| TOTAL | $28,025 | $19,618 |
| Year | Rate 3.60% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,800 | 1,260 |
| 2 | 51,800 | 1,865 | 1,305 |
| 3 | 53,665 | 1,932 | 1,352 |
| 4 | 55,597 | 2,001 | 1,401 |
| 5 | 57,598 | 2,074 | 1,451 |
| 6 | 59,672 | 2,148 | 1,504 |
| 7 | 61,820 | 2,226 | 1,558 |
| 8 | 64,045 | 2,306 | 1,614 |
| 9 | 66,351 | 2,389 | 1,672 |
| 10 | 68,740 | 2,475 | 1,732 |
| 11 | 71,214 | 2,564 | 1,795 |
| 12 | 73,778 | 2,656 | 1,859 |
| 13 | 76,434 | 2,752 | 1,926 |
| 14 | 79,186 | 2,851 | 1,995 |
| 15 | 82,036 | 2,953 | 2,067 |
| 16 | 84,990 | 3,060 | 2,142 |
| 17 | 88,049 | 3,170 | 2,219 |
| 18 | 91,219 | 3,284 | 2,299 |
| 19 | 94,503 | 3,402 | 2,381 |
| 20 | 97,905 | 3,525 | 2,467 |
| TOTAL | $51,430 | $36,001 |
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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|
|
4.46% |
$50,000 |
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|
Last change: ↑0.26% on April 9. |
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|
|
4.45% |
$1,500 |
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Last change: ↑0.10% on July 13. |
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