Compound Interest Calculator
CD 4-year Account from First Internet Bank of Indiana with 3.62% APY and $1,000 minimum deposit



Use or Change These Amounts and Rates

The product CD 4-year Account from First Internet Bank of Indiana with 3.62% APY and $1,000 minimum deposit and a tax rate of 30 compounded annually, with an initial amount of $20,000, after 10 years would have grown your savings to approximately $28,541. The interest earned would be $8,541 and the tax amount on the interest earned would be approximately $2,562.

Please note that this analysis assumes a constant interest rate and doesn't take into account any fees associated with the savings account.

The Results for First Internet Bank of Indiana

Savings Boost of
$4,798 over 10 years
Cash Savings $20,000
Average Interest Earned $1,181

 
First Internet Bank of Indiana Interest Earned $5,979

 

 

See comparison detail table

This analysis is for demonstrative purposes only and may change should certain assumptions prove incorrect. Savings rates may change and CD rates may not be renewable for the length of the term of the analysis. The difference between the bank rate entered and the average rate may not remain constant throughout the term.

Comparison Detail Table Close X

Average Rate Scenario

Rate:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 163 114
2 20,163 164 115
3 20,327 165 116
4 20,492 167 117
5 20,658 168 118
6 20,826 169 119
7 20,996 171 119
8 21,166 172 120
9 21,338 173 121
10 21,512 175 122
TOTAL: $1,687 $1,181

First Internet Bank of Indiana Scenario

Rate:
3.62%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 724 507
2 20,724 750 525
3 21,474 777 544
4 22,252 806 564
5 23,057 835 584
6 23,892 865 605
7 24,757 896 627
8 25,653 929 650
9 26,581 962 674
10 27,544 997 698
TOTAL: $8,541 $5,979

Take Action

The accounts below offer some of the best rates in the country can be opened online, and are available nationally. As the calculator shows, changing accounts to earn a higher interest rate can really add up over time.


Recent Rate Changes



Date APY
September 25, 2024 3.62%
September 18, 2024 4.03%
September 18, 2024 4.00%
August 24, 2024 4.18%
August 7, 2024 4.29%
August 1, 2024 4.45%
March 14, 2024 4.50%
February 20, 2024 4.55%
August 20, 2023 4.54%


Featured CD Rates

ONLINE BANKS APY? MIN?

Last change: ↑0.25% on October 28.
6 Month Jumbo CD.

Last change: ↓0.09% on October 17.
3 Month CD.

Last change: ↓0.15% on September 6.

Last change: ↓0.05% on September 27.

Last change: ↑0.20% on October 28.
Early Withdrawal Penalty is 3 months interest.



Customer Reviews for First Internet Bank of Indiana


  • January 30, 2024

    Online CDs 60 Month Rates

    Have an IRA rollover, they don't take IRAs any longer.

  • April 22, 2015

    Hello, I am interested in a line of credit against my home. I have a high interest credit card that I want to move to this credit. I have a wells fargo mortgage which is only a few years old which I do not want to touch.

    Jim
    You can reach me by my work phone 765-451-0371, or at my e-mail james.r.plew@delphi.com


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