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 6.00% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 3,000 | 2,100 |
| 2 | 53,000 | 3,180 | 2,226 |
| 3 | 56,180 | 3,371 | 2,360 |
| 4 | 59,551 | 3,573 | 2,501 |
| 5 | 63,124 | 3,787 | 2,651 |
| 6 | 66,911 | 4,015 | 2,810 |
| 7 | 70,926 | 4,256 | 2,979 |
| 8 | 75,182 | 4,511 | 3,158 |
| 9 | 79,692 | 4,782 | 3,347 |
| 10 | 84,474 | 5,068 | 3,548 |
| 11 | 89,542 | 5,373 | 3,761 |
| 12 | 94,915 | 5,695 | 3,986 |
| 13 | 100,610 | 6,037 | 4,226 |
| 14 | 106,646 | 6,399 | 4,479 |
| 15 | 113,045 | 6,783 | 4,748 |
| 16 | 119,828 | 7,190 | 5,033 |
| 17 | 127,018 | 7,621 | 5,335 |
| 18 | 134,639 | 8,078 | 5,655 |
| 19 | 142,717 | 8,563 | 5,994 |
| 20 | 151,280 | 9,077 | 6,354 |
| TOTAL | $110,357 | $77,250 |
| Year | Rate 2.78% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,390 | 973 |
| 2 | 51,390 | 1,429 | 1,000 |
| 3 | 52,819 | 1,468 | 1,028 |
| 4 | 54,287 | 1,509 | 1,056 |
| 5 | 55,796 | 1,551 | 1,086 |
| 6 | 57,347 | 1,594 | 1,116 |
| 7 | 58,942 | 1,639 | 1,147 |
| 8 | 60,580 | 1,684 | 1,179 |
| 9 | 62,264 | 1,731 | 1,212 |
| 10 | 63,995 | 1,779 | 1,245 |
| 11 | 65,774 | 1,829 | 1,280 |
| 12 | 67,603 | 1,879 | 1,316 |
| 13 | 69,482 | 1,932 | 1,352 |
| 14 | 71,414 | 1,985 | 1,390 |
| 15 | 73,399 | 2,040 | 1,428 |
| 16 | 75,440 | 2,097 | 1,468 |
| 17 | 77,537 | 2,156 | 1,509 |
| 18 | 79,692 | 2,215 | 1,551 |
| 19 | 81,908 | 2,277 | 1,594 |
| 20 | 84,185 | 2,340 | 1,638 |
| TOTAL | $36,525 | $25,568 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
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4.25% |
$25,000 |
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Last change: ↓0.16% on September 18. |
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4.20% |
$50,000 |
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Last change: ↑0.20% on December 7. |
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4.20% |
$1,000 |
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Last change: ↑0.05% on December 1. |
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4.15% |
$1,000 |
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Last change: ↑0.10% on December 1. |
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4.10% |
$25,000 |
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Last change: ↓0.15% on November 26. |
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