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 2.02% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,010 | 707 |
| 2 | 51,010 | 1,030 | 721 |
| 3 | 52,040 | 1,051 | 736 |
| 4 | 53,092 | 1,072 | 751 |
| 5 | 54,164 | 1,094 | 766 |
| 6 | 55,258 | 1,116 | 781 |
| 7 | 56,374 | 1,139 | 797 |
| 8 | 57,513 | 1,162 | 813 |
| 9 | 58,675 | 1,185 | 830 |
| 10 | 59,860 | 1,209 | 846 |
| 11 | 61,069 | 1,234 | 864 |
| 12 | 62,303 | 1,259 | 881 |
| 13 | 63,561 | 1,284 | 899 |
| 14 | 64,845 | 1,310 | 917 |
| 15 | 66,155 | 1,336 | 935 |
| 16 | 67,492 | 1,363 | 954 |
| 17 | 68,855 | 1,391 | 974 |
| 18 | 70,246 | 1,419 | 993 |
| 19 | 71,665 | 1,448 | 1,013 |
| 20 | 73,112 | 1,477 | 1,034 |
| TOTAL | $24,589 | $17,212 |
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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|
|
5.50% |
$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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|
|
5.49% |
$50,000 |
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Last change: ↑0.09% on March 12. |
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