Investopedia names First Internet Bank Best High-Yield Savings Account
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Peace of Mind. Deposit Safety.
First Internet Bank is a member of the Federal Deposit Insurance Corporation (FDIC), so your deposits are insured up to $250,000 per depositor, for each account ownership category. Looking for additional protection for deposits more than $250,000? Ask a Relationship Banker about increased protection through our partnership with IntraFi®.
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For a bank born online, we’re surprisingly human. Want to meet some of the cool people at First Internet Bank? Here’s our team.
How do we compare? Well, we really don’t.
As our highest yield savings option, First Internet Bank’s Money Market Savings account earns 3.66% APY — 6x the national average!*
*As of 5/15/2023, the national average annual percentage yield (APY) for Money Market Savings accounts is 0.59%, 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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