How do we compare? Well, we really don’t.
As our highest yield savings option, First Internet Bank’s Money Market Savings account earns 0.50% APY — more than 7x the national average!*
*As of 1/4/2021, the national average annual percentage yield (APY) for Money Market Savings accounts is 0.07%, as published in the FDIC’s Weekly National Rates and Rate Caps; average rate used is for deposits up to $100,000. The minimum average daily balance to avoid a fee for a Money Market Savings account is $4,000. Rates are subject to change. Fees may reduce earnings on the account. Interest earned assumes entire amount remains on deposit.
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