Interest on First Internet Bank business savings accounts is calculated using the Daily Balance method, which means we calculate interest each day based on your account balance at the end of that day.
How much you earn depends on your daily balance and the interest rate that applies to your account type and balance tier.
Interest rates are stated as an Annual Percentage Yield (APY), a simple way to see how much you could earn over a year if you leave the interest in the account. Rates may vary by account type and balance level, and account fees may reduce total earnings.
