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.

  • 1
    ONLINE MONEY MARKET
    First Internet Bank of Indiana
    $50,000
    N.A.
    5.48%
    23.42x (National Avg. - 0.23%)
    $1,000,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.48%    		 Annual
    Interest    		 Annual 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