Compound Interest Calculator
CD Account from First Internet Bank of Indiana with 0.86% 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
$251 over 10 years
Cash Savings $20,000
Average Interest Earned $1,001

 
First Internet Bank of Indiana Interest Earned $1,252

 

 

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:
0.69%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 139 97
2 20,139 140 98
3 20,278 141 98
4 20,419 142 99
5 20,560 142 100
6 20,703 143 100
7 20,846 144 101
8 20,991 145 102
9 21,136 146 103
10 21,283 147 103
TOTAL: $1,430 $1,001

First Internet Bank of Indiana Scenario

Rate:
0.86%
Annual
Interest
Annual Interest
(After Tax)
1 20,000 172 120
2 20,172 173 121
3 20,345 175 122
4 20,520 176 124
5 20,697 178 125
6 20,875 180 126
7 21,054 181 127
8 21,236 183 128
9 21,418 184 129
10 21,602 186 130
TOTAL: $1,788 $1,252

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.