Compound Interest Calculator
CD Account from First Internet Bank of Indiana with 1.29% APY

Small differences in savings or CD rates may seem trivial. But, earning more in your savings and CD accounts can lead to much larger account balances balances over time when you examine the difference in compound interest over time. Use our calculator on the right below to see how much larger your accounts can be by moving to higher earning savings and CD rates.

Use or Change these Amounts And Rates

The Results for First Internet Bank of Indiana

Savings Boost of
$1,184 over 10 years
Cash Savings $20,000
Average Interest Earned $731

 
First Internet Bank of Indiana Interest Earned $1,915

 

 

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:
0.51%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 102 71
2 20,102 103 72
3 20,205 103 72
4 20,308 104 72
5 20,411 104 73
6 20,515 105 73
7 20,620 105 74
8 20,725 106 74
9 20,831 106 74
10 20,937 107 75
TOTAL: $1,044 $731

First Internet Bank of Indiana Scenario

Rate:
1.29%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 258 181
2 20,258 261 183
3 20,519 265 185
4 20,784 268 188
5 21,052 272 190
6 21,324 275 193
7 21,599 279 195
8 21,877 282 198
9 22,160 286 200
10 22,445 290 203
TOTAL: $2,735 $1,915

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.