First Internet Bank offers two personal savings options designed to support different savings needs and balance levels. Our Money Market Savings account is designed for savers who typically maintain higher balances and want to maximize their earning potential. It offers higher yields than a standard savings account, with a monthly maintenance fee that can be avoided by maintaining the required average daily balance.
Our Free Savings account is a simple, no‑fee option with no minimum balance requirement, making it a good fit for new savers, starter emergency funds, or anyone who wants a straightforward way to begin saving without ongoing balance requirements. Both accounts are FDIC insured, can be opened entirely online in minutes, and include convenient digital banking features.