Compare Analysis of First Internet Bank of Indiana with 4.69% 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 MONEY MARKET
    First Internet Bank of Indiana
    $50,000
    N.A.
    4.69%
    20.75x (National Avg. - 0.23%)
    $1,000,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.69%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,345 1,642
    2 52,345 2,455 1,718
    3 54,800 2,570 1,799
    4 57,370 2,691 1,883
    5 60,061 2,817 1,972
    6 62,878 2,949 2,064
    7 65,827 3,087 2,161
    8 68,914 3,232 2,262
    9 72,146 3,384 2,369
    10 75,530 3,542 2,480
    11 79,072 3,708 2,596
    12 82,780 3,882 2,718
    13 86,663 4,064 2,845
    14 90,727 4,255 2,979
    15 94,982 4,455 3,118
    16 99,437 4,664 3,265
    17 104,101 4,882 3,418
    18 108,983 5,111 3,578
    19 114,094 5,351 3,746
    20 119,445 5,602 3,921
    TOTAL $75,047 $52,533