Compare Analysis of First Internet Bank of Indiana with 4.57% 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
    18 Month
    4.57%
    7.83x (National Avg. - 0.58%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.57%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,285 1,600
    2 52,285 2,389 1,673
    3 54,674 2,499 1,749
    4 57,173 2,613 1,829
    5 59,786 2,732 1,913
    6 62,518 2,857 2,000
    7 65,375 2,988 2,091
    8 68,363 3,124 2,187
    9 71,487 3,267 2,287
    10 74,754 3,416 2,391
    11 78,170 3,572 2,501
    12 81,743 3,736 2,615
    13 85,478 3,906 2,734
    14 89,385 4,085 2,859
    15 93,469 4,272 2,990
    16 97,741 4,467 3,127
    17 102,208 4,671 3,270
    18 106,879 4,884 3,419
    19 111,763 5,108 3,575
    20 116,871 5,341 3,739
    TOTAL $72,212 $50,548