Compare Analysis of First Internet Bank of Indiana with 5.04% 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 Month5.04%8.69x (National Avg. - 0.58%)$1,000Bank-SCENARIO
Year Rate
5.04%Annual
InterestAnnual 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