Compare Analysis of First Internet Bank of Indiana with 3.62% 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
    48 Month
    3.62%
    4.45x (National Avg. - 0.81%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.62%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,810 1,267
    2 51,810 1,876 1,313
    3 53,686 1,943 1,360
    4 55,629 2,014 1,410
    5 57,643 2,087 1,461
    6 59,729 2,162 1,514
    7 61,892 2,240 1,568
    8 64,132 2,322 1,625
    9 66,454 2,406 1,684
    10 68,859 2,493 1,745
    11 71,352 2,583 1,808
    12 73,935 2,676 1,874
    13 76,611 2,773 1,941
    14 79,385 2,874 2,012
    15 82,258 2,978 2,084
    16 85,236 3,086 2,160
    17 88,322 3,197 2,238
    18 91,519 3,313 2,319
    19 94,832 3,433 2,403
    20 98,265 3,557 2,490
    TOTAL $51,822 $36,275