Compound Interest Calculator
CD Account from First Internet Bank of Indiana with 0.81% 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
$279 over 10 years
Cash Savings $20,000
Average Interest Earned $897

 
First Internet Bank of Indiana Interest Earned $1,176

 

 

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:
0.62%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 125 87
2 20,125 125 88
3 20,250 126 88
4 20,376 127 89
5 20,503 128 89
6 20,631 129 90
7 20,759 129 91
8 20,889 130 91
9 21,019 131 92
10 21,150 132 92
TOTAL: $1,282 $897

First Internet Bank of Indiana Scenario

Rate:
0.81%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 162 113
2 20,162 163 114
3 20,325 165 115
4 20,490 166 116
5 20,656 167 117
6 20,823 169 118
7 20,992 170 119
8 21,162 171 120
9 21,333 173 121
10 21,506 174 122
TOTAL: $1,680 $1,176

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.