Compare Savings vs. CDs
Comparison of Deposit Account from First Internet Bank of Indiana with 3.62% - November 2024


Long-Term Analysis of First Internet Bank of Indiana with 3.62% 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.

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$
PRODUCT
BANK
APY
STATE
AMOUNT
TERM
BANK TYPE
VS.NAT.AV.
MIN
  • 1
    ONLINE CD
    3.62%
    -
    $50,000
    48 Month
    Bank
    4.45x (National Avg. - 0.81%)
    $1,000
     
    SCENARIO
    Year Rate
    3.62%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 1,810 1,267
    2 51,810 1,876 1,313
    3 53,686 1,943 1,360
    4 55,629 2,014 1,410
    5 57,643 2,087 1,461
    6 59,729 2,162 1,514
    7 61,892 2,240 1,568
    8 64,132 2,322 1,625
    9 66,454 2,406 1,684
    10 68,859 2,493 1,745
    11 71,352 2,583 1,808
    12 73,935 2,676 1,874
    13 76,611 2,773 1,941
    14 79,385 2,874 2,012
    15 82,258 2,978 2,084
    16 85,236 3,086 2,160
    17 88,322 3,197 2,238
    18 91,519 3,313 2,319
    19 94,832 3,433 2,403
    20 98,265 3,557 2,490
    TOTAL $51,822 $36,275

    All calculations are for demonstration purposes only.

    Featured CD Rates

    ONLINE BANKS APY? MIN?

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    6 Month Jumbo CD.

    Last change: ↑3.00% on August 7.

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    3 Month CD.

    Last change: ↓0.15% on September 6.

    Last change: ↓0.05% on September 27.