Tax-Equivalent Yield Calculator
A 5% CD isn't the same as a 5% muni bond. Compare after-tax yields across CDs, municipal bonds, Treasury bonds, and corporate bonds based on your tax bracket.
Your Tax Situation
Best After-Tax Yield
4.33% — Corporate Bond (fully taxable)
Yield Comparison
| Investment | Nominal Yield | After-Tax Yield | Tax-Equivalent Yield |
|---|---|---|---|
| CD / HYSA (fully taxable) | 5% | 3.61% | 5% |
| Municipal Bond (federal tax-exempt) | 3.8% | 3.61% | 6.93% |
| Treasury Bond (state tax-exempt) | 5% | 3.8% | 5.26% |
| Corporate Bond (fully taxable) | 6% | 4.33% | 6% |