Compare Analysis of First Internet Bank of Indiana with 3.83% APY and First Foundation Bank with 4.00% 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
    3.83%
    6.98x (National Avg. - 0.55%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    3.83%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 1,915 1,341
    2 51,915 1,988 1,392
    3 53,903 2,064 1,445
    4 55,968 2,144 1,500
    5 58,111 2,226 1,558
    6 60,337 2,311 1,618
    7 62,648 2,399 1,680
    8 65,047 2,491 1,744
    9 67,539 2,587 1,811
    10 70,125 2,686 1,880
    11 72,811 2,789 1,952
    12 75,600 2,895 2,027
    13 78,495 3,006 2,104
    14 81,502 3,122 2,185
    15 84,623 3,241 2,269
    16 87,864 3,365 2,356
    17 91,230 3,494 2,446
    18 94,724 3,628 2,540
    19 98,352 3,767 2,637
    20 102,118 3,911 2,738
    TOTAL $56,030 $39,221
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    $50,000
    N.A.
    4.00%
    17.70x (National Avg. - 0.23%)
    $1,000
    Bank
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689