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 10.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 5,000 | 3,500 |
| 2 | 55,000 | 5,500 | 3,850 |
| 3 | 60,500 | 6,050 | 4,235 |
| 4 | 66,550 | 6,655 | 4,659 |
| 5 | 73,205 | 7,321 | 5,124 |
| 6 | 80,526 | 8,053 | 5,637 |
| 7 | 88,578 | 8,858 | 6,200 |
| 8 | 97,436 | 9,744 | 6,821 |
| 9 | 107,179 | 10,718 | 7,503 |
| 10 | 117,897 | 11,790 | 8,253 |
| 11 | 129,687 | 12,969 | 9,078 |
| 12 | 142,656 | 14,266 | 9,986 |
| 13 | 156,921 | 15,692 | 10,984 |
| 14 | 172,614 | 17,261 | 12,083 |
| 15 | 189,875 | 18,987 | 13,291 |
| 16 | 208,862 | 20,886 | 14,620 |
| 17 | 229,749 | 22,975 | 16,082 |
| 18 | 252,724 | 25,272 | 17,691 |
| 19 | 277,996 | 27,800 | 19,460 |
| 20 | 305,795 | 30,580 | 21,406 |
| TOTAL | $286,375 | $200,462 |
| 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 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
4.50% |
$500 |
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Last change: ↑0.20% on January 18. |
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|
4.45% |
$1,500 |
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Last change: ↑0.10% on July 13. |
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|
4.45% |
$50,000 |
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Last change: ↓0.05% on August 2. |
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|
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4.45% |
$50,000 |
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Last change: ↓0.05% on April 30. |
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4.40% |
$50,000 |
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Last change: ↓0.10% on June 8. |
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