BUSINESS Savings & CDs

Make your money earn its keep

Open an account

Want to put your money to work? Yeah, we think that sounds pretty good too! And, as our name implies, with no expensive branch offices to maintain, we are able to pass the savings along to you with better rates and lower fees. Add the convenience of our free online and mobile banking tools, and building your company’s savings has never been easier!

Savings Account Options

Money Market Savings
Open an account
Regular Savings
Open an account
Open with as little as $100 $100
APY (Annual Percentage Yield) 0.40% with a daily balance of $10,000,000 or below


0.25% with a daily balance above $10,000,000

0.40% with a daily balance of $10,000,000 or below


0.25% with a daily balance above $10,000,000

Interest rate 0.40% with a daily balance of $10,000,000 or below


0.25% with a daily balance above $10,000,000

0.40% with a daily balance of $10,000,000 or below


0.25% with a daily balance above $10,000,000

Monthly maintenance fee $5 $2
Average daily balance to avoid fee $4,000 $1,000
Transactions allowed per month 61 61
ATM card For sole proprietors only For sole proprietors only

1You may make up to six transfers or withdrawals by means of a pre-authorized, automatic, PC, or telephonic transfer to another account of yours or to a third party during any calendar month (or statement cycle of at least four weeks). Excessive withdrawals result in a $5 per item fee. Rates last updated 12/1/2020. Rates are subject to change on any day and will be updated by 10:00 AM EST. Please be sure to check this page after 10:00 AM EST for the rate that will be honored today. Fees may reduce earnings on account. The period used to calculate average daily balance for the Money Market Savings account is monthly. For additional information, visit our Disclosures page.

Like our savings accounts?

We think you’ll love our Small Business Checking account.

CDs

Term Interest Rate Annual Percentage Yield (APY) Early Withdrawal Penalties
3 Months
open an account
0.25% 0.25% 90 days interest
6 Months
open an account
0.45% 0.45% 180 days interest
12 Months
open an account
0.60% 0.60% 180 days interest
18 Months
open an account
0.65% 0.65% 180 days interest
24 Months
open an account
0.70% 0.70% 360 days interest
36 Months
open an account
0.80% 0.80% 360 days interest
48 Months
open an account
0.85% 0.86% 360 days interest
60 Months
open an account
0.95% 0.96% 360 days interest

Rates and terms shown above are not applicable to financial institutions. Please call 1-888-873-3424 for current rates and terms offered. Rates last updated 12/1/2020. Rates above apply to all balance levels and are subject to change on any day and will be updated by 10:00 AM EST. Please be sure to check this page after 10:00 AM EST for the rate that will be honored today. CD and IRA CD rates are guaranteed as of the postmark date on the envelope containing the signed application and funding for the account. Interest is compounded and credited monthly. APYs assume interest remains on deposit until maturity. A withdrawal will reduce earnings. You have the option to use our online banking or mobile banking systems to get information about your CD. First Internet Bank does not issue monthly or annual statements for CD accounts. For additional information, visit our Disclosures page.