Compare Analysis of First Internet Bank of Indiana with 4.42% 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 CD$50,00012 Month4.42%7.98x (National Avg. - 0.55%)$1,000Bank-SCENARIO
Year Rate
4.42%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,210 1,547 2 52,210 2,308 1,615 3 54,518 2,410 1,687 4 56,927 2,516 1,761 5 59,444 2,627 1,839 6 62,071 2,744 1,920 7 64,814 2,865 2,005 8 67,679 2,991 2,094 9 70,671 3,124 2,187 10 73,794 3,262 2,283 11 77,056 3,406 2,384 12 80,462 3,556 2,489 13 84,018 3,714 2,600 14 87,732 3,878 2,714 15 91,610 4,049 2,834 16 95,659 4,228 2,960 17 99,887 4,415 3,091 18 104,302 4,610 3,227 19 108,912 4,814 3,370 20 113,726 5,027 3,519 TOTAL $68,753 $48,127