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.

  • 1
    ONLINE CD
    $50,000
    6 Month
    5.18%
    13.05x (National Avg. - 0.40%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.18%
    Annual
    Interest
    Annual 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