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.

  • 1
    ONLINE CD
    First Internet Bank of Indiana
    $50,000
    12 Month
    4.42%
    7.98x (National Avg. - 0.55%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.42%    		 Annual
    Interest    		 Annual 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