Compare Analysis of First Internet Bank of Indiana with 3.72% APY

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.

$
PRODUCT
BANK
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
BANK TYPE
STATE

All calculations are for demonstration purposes only.

  • 1
    ONLINE CD
    First Internet Bank of Indiana
    $50,000
    3 Month
    3.72%
    1.68x (National Avg. - 2.22%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.72%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,860 1,302
    2 51,860 1,929 1,350
    3 53,789 2,001 1,401
    4 55,790 2,075 1,453
    5 57,866 2,153 1,507
    6 60,018 2,233 1,563
    7 62,251 2,316 1,621
    8 64,567 2,402 1,681
    9 66,968 2,491 1,744
    10 69,460 2,584 1,809
    11 72,044 2,680 1,876
    12 74,724 2,780 1,946
    13 77,503 2,883 2,018
    14 80,386 2,990 2,093
    15 83,377 3,102 2,171
    16 86,478 3,217 2,252
    17 89,695 3,337 2,336
    18 93,032 3,461 2,423
    19 96,493 3,590 2,513
    20 100,082 3,723 2,606
    TOTAL $53,805 $37,664