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 1.56% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 781 | 546 |
| 2 | 50,781 | 793 | 555 |
| 3 | 51,573 | 805 | 564 |
| 4 | 52,378 | 818 | 572 |
| 5 | 53,196 | 830 | 581 |
| 6 | 54,026 | 843 | 590 |
| 7 | 54,870 | 857 | 600 |
| 8 | 55,726 | 870 | 609 |
| 9 | 56,596 | 883 | 618 |
| 10 | 57,479 | 897 | 628 |
| 11 | 58,377 | 911 | 638 |
| 12 | 59,288 | 925 | 648 |
| 13 | 60,213 | 940 | 658 |
| 14 | 61,153 | 955 | 668 |
| 15 | 62,108 | 970 | 679 |
| 16 | 63,078 | 985 | 689 |
| 17 | 64,062 | 1,000 | 700 |
| 18 | 65,062 | 1,016 | 711 |
| 19 | 66,078 | 1,031 | 722 |
| 20 | 67,109 | 1,048 | 733 |
| TOTAL | $18,157 | $12,710 |
All calculations are for demonstration purposes only.
| ONLINE BANKS | APY? | MIN? | ||
|---|---|---|---|---|
|
|
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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|
|
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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|
|
5.50% |
$10,000 |
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Last change: ↓0.05% on March 15. |
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