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 2.90% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,450 | 1,015 |
| 2 | 51,450 | 1,492 | 1,044 |
| 3 | 52,942 | 1,535 | 1,075 |
| 4 | 54,477 | 1,580 | 1,106 |
| 5 | 56,057 | 1,626 | 1,138 |
| 6 | 57,683 | 1,673 | 1,171 |
| 7 | 59,356 | 1,721 | 1,205 |
| 8 | 61,077 | 1,771 | 1,240 |
| 9 | 62,848 | 1,823 | 1,276 |
| 10 | 64,671 | 1,875 | 1,313 |
| 11 | 66,546 | 1,930 | 1,351 |
| 12 | 68,476 | 1,986 | 1,390 |
| 13 | 70,462 | 2,043 | 1,430 |
| 14 | 72,505 | 2,103 | 1,472 |
| 15 | 74,608 | 2,164 | 1,515 |
| 16 | 76,772 | 2,226 | 1,558 |
| 17 | 78,998 | 2,291 | 1,604 |
| 18 | 81,289 | 2,357 | 1,650 |
| 19 | 83,646 | 2,426 | 1,698 |
| 20 | 86,072 | 2,496 | 1,747 |
| TOTAL | $38,568 | $26,998 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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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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|
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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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|
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5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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