Compare Analysis of First Internet Bank of Indiana with 5.48% 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.
- 1ONLINE MONEY MARKET$50,000N.A.5.48%11.63x (National Avg. - 0.47%)$1,000,000Bank-SCENARIO
Year Rate
5.48%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,740 1,918 2 52,740 2,890 2,023 3 55,630 3,049 2,134 4 58,679 3,216 2,251 5 61,894 3,392 2,374 6 65,286 3,578 2,504 7 68,864 3,774 2,642 8 72,637 3,981 2,786 9 76,618 4,199 2,939 10 80,817 4,429 3,100 11 85,245 4,671 3,270 12 89,917 4,927 3,449 13 94,844 5,197 3,638 14 100,042 5,482 3,838 15 105,524 5,783 4,048 16 111,307 6,100 4,270 17 117,406 6,434 4,504 18 123,840 6,786 4,751 19 130,627 7,158 5,011 20 137,785 7,551 5,285 TOTAL $95,336 $66,735