Compare Analysis of First Internet Bank of Indiana with 5.31% 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 Month5.31%6.34x (National Avg. - 0.84%)$1,000Bank-SCENARIO
Year Rate
5.31%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,655 1,859 2 52,655 2,796 1,957 3 55,451 2,944 2,061 4 58,395 3,101 2,171 5 61,496 3,265 2,286 6 64,762 3,439 2,407 7 68,201 3,621 2,535 8 71,822 3,814 2,670 9 75,636 4,016 2,811 10 79,652 4,230 2,961 11 83,881 4,454 3,118 12 88,336 4,691 3,283 13 93,026 4,940 3,458 14 97,966 5,202 3,641 15 103,168 5,478 3,835 16 108,646 5,769 4,038 17 114,415 6,075 4,253 18 120,491 6,398 4,479 19 126,889 6,738 4,716 20 133,627 7,096 4,967 TOTAL $90,722 $63,505