Compare Analysis of First Internet Bank of Indiana with 5.04% APY and Citizens with 4.50% 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
    18 Month
    5.04%
    6.95x (National Avg. - 0.73%)
    $1,000
    Bank
    -
     
    SCENARIO
    Year Rate
    5.04%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,520 1,764
    2 52,520 2,647 1,853
    3 55,167 2,780 1,946
    4 57,947 2,921 2,044
    5 60,868 3,068 2,147
    6 63,936 3,222 2,256
    7 67,158 3,385 2,369
    8 70,543 3,555 2,489
    9 74,098 3,735 2,614
    10 77,833 3,923 2,746
    11 81,756 4,120 2,884
    12 85,876 4,328 3,030
    13 90,204 4,546 3,182
    14 94,750 4,775 3,343
    15 99,526 5,016 3,511
    16 104,542 5,269 3,688
    17 109,811 5,534 3,874
    18 115,345 5,813 4,069
    19 121,159 6,106 4,274
    20 127,265 6,414 4,490
    TOTAL $83,679 $58,576
  • 2
    ONLINE SAVINGS
    $50,000
    N.A.
    4.50%
    20.74x (National Avg. - 0.22%)
    $1
    Online Bank
    -
    SCENARIO
    Year Rate
    4.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,250 1,575
    2 52,250 2,351 1,646
    3 54,601 2,457 1,720
    4 57,058 2,568 1,797
    5 59,626 2,683 1,878
    6 62,309 2,804 1,963
    7 65,113 2,930 2,051
    8 68,043 3,062 2,143
    9 71,105 3,200 2,240
    10 74,305 3,344 2,341
    11 77,648 3,494 2,446
    12 81,143 3,651 2,556
    13 84,794 3,816 2,671
    14 88,610 3,987 2,791
    15 92,597 4,167 2,917
    16 96,764 4,354 3,048
    17 101,119 4,550 3,185
    18 105,669 4,755 3,329
    19 110,424 4,969 3,478
    20 115,393 5,193 3,635
    TOTAL $70,586 $49,410