Compare Analysis of First Internet Bank of Indiana with 5.18% APY and North American Savings Bank, F.S.B. with 5.25% APY and North American Savings Bank, F.S.B. with 5.35% 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%
    12.89x (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
  • 2
    LOCAL CD
    $50,000
    7 Month
    5.25%
    N.A.
    $5,000
    Bank
    -
    SCENARIO
    Year Rate
    5.25%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,625 1,838
    2 52,625 2,763 1,934
    3 55,388 2,908 2,036
    4 58,296 3,061 2,142
    5 61,356 3,221 2,255
    6 64,577 3,390 2,373
    7 67,968 3,568 2,498
    8 71,536 3,756 2,629
    9 75,292 3,953 2,767
    10 79,244 4,160 2,912
    11 83,405 4,379 3,065
    12 87,784 4,609 3,226
    13 92,392 4,851 3,395
    14 97,243 5,105 3,574
    15 102,348 5,373 3,761
    16 107,721 5,655 3,959
    17 113,377 5,952 4,167
    18 119,329 6,265 4,385
    19 125,594 6,594 4,616
    20 132,187 6,940 4,858
    TOTAL $89,127 $62,389
  • 3
    LOCAL CD
    $50,000
    13 Month
    5.35%
    N.A.
    $5,000
    Bank
    -
    SCENARIO
    Year Rate
    5.35%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,675 1,873
    2 52,675 2,818 1,973
    3 55,493 2,969 2,078
    4 58,462 3,128 2,189
    5 61,590 3,295 2,307
    6 64,885 3,471 2,430
    7 68,356 3,657 2,560
    8 72,013 3,853 2,697
    9 75,866 4,059 2,841
    10 79,925 4,276 2,993
    11 84,201 4,505 3,153
    12 88,705 4,746 3,322
    13 93,451 5,000 3,500
    14 98,451 5,267 3,687
    15 103,718 5,549 3,884
    16 109,267 5,846 4,092
    17 115,113 6,159 4,311
    18 121,271 6,488 4,542
    19 127,759 6,835 4,785
    20 134,594 7,201 5,041
    TOTAL $91,795 $64,256