Compare Analysis of First Internet Bank of Indiana with 4.82% 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
    24 Month
    4.82%
    7.36x (National Avg. - 0.66%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    4.82%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,410 1,687
    2 52,410 2,526 1,768
    3 54,936 2,648 1,854
    4 57,584 2,776 1,943
    5 60,360 2,909 2,037
    6 63,269 3,050 2,135
    7 66,319 3,197 2,238
    8 69,515 3,351 2,345
    9 72,866 3,512 2,458
    10 76,378 3,681 2,577
    11 80,059 3,859 2,701
    12 83,918 4,045 2,831
    13 87,963 4,240 2,968
    14 92,203 4,444 3,111
    15 96,647 4,658 3,261
    16 101,305 4,883 3,418
    17 106,188 5,118 3,583
    18 111,307 5,365 3,755
    19 116,672 5,624 3,936
    20 122,295 5,895 4,126
    TOTAL $78,190 $54,733