Compare Analysis of First Internet Bank of Indiana with 4.86% APY and Discover Bank with 4.10% APY and Discover Bank with 4.30% APY and Discover Bank 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.
- 1ONLINE CD$50,00018 Month4.86%10.13x (National Avg. - 0.48%)$1,000Bank-SCENARIO
Year Rate
4.86%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,430 1,701 2 52,430 2,548 1,784 3 54,978 2,672 1,870 4 57,650 2,802 1,961 5 60,452 2,938 2,057 6 63,390 3,081 2,157 7 66,471 3,230 2,261 8 69,701 3,387 2,371 9 73,088 3,552 2,486 10 76,641 3,725 2,607 11 80,365 3,906 2,734 12 84,271 4,096 2,867 13 88,367 4,295 3,006 14 92,661 4,503 3,152 15 97,165 4,722 3,306 16 101,887 4,952 3,466 17 106,838 5,192 3,635 18 112,031 5,445 3,811 19 117,476 5,709 3,997 20 123,185 5,987 4,191 TOTAL $79,172 $55,420 - 2LOCAL CD$50,00060 Month4.10%5.06x (National Avg. - 0.81%)$2,500Online Bank-SCENARIO
Year Rate
4.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,050 1,435 2 52,050 2,134 1,494 3 54,184 2,222 1,555 4 56,406 2,313 1,619 5 58,718 2,407 1,685 6 61,126 2,506 1,754 7 63,632 2,609 1,826 8 66,241 2,716 1,901 9 68,957 2,827 1,979 10 71,784 2,943 2,060 11 74,727 3,064 2,145 12 77,791 3,189 2,233 13 80,980 3,320 2,324 14 84,300 3,456 2,419 15 87,757 3,598 2,519 16 91,355 3,746 2,622 17 95,100 3,899 2,729 18 98,999 4,059 2,841 19 103,058 4,225 2,958 20 107,284 4,399 3,079 TOTAL $61,682 $43,178 - 3LOCAL CD$50,00024 Month4.30%7.75x (National Avg. - 0.56%)$2,500Online Bank-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237 - 4LOCAL CD$50,00012 Month4.50%10.23x (National Avg. - 0.44%)$2,500Online Bank-SCENARIO
Year Rate
4.50%Annual
InterestAnnual 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