Compare Analysis of First Internet Bank of Indiana with 5.18% 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$50,0006 Month5.18%7.55x (National Avg. - 0.69%)$1,000Bank-SCENARIO
Year Rate
5.18%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,590 1,813 2 52,590 2,724 1,907 3 55,314 2,865 2,006 4 58,179 3,014 2,110 5 61,193 3,170 2,219 6 64,363 3,334 2,334 7 67,697 3,507 2,455 8 71,204 3,688 2,582 9 74,892 3,879 2,716 10 78,771 4,080 2,856 11 82,852 4,292 3,004 12 87,143 4,514 3,160 13 91,657 4,748 3,324 14 96,405 4,994 3,496 15 101,399 5,252 3,677 16 106,652 5,525 3,867 17 112,176 5,811 4,068 18 117,987 6,112 4,278 19 124,099 6,428 4,500 20 130,527 6,761 4,733 TOTAL $87,288 $61,102