BUSINESS Savings & CDs
Does earning more pique your interest? What a coincidence; our accounts offer peak interest!
You work hard. Shouldn’t your money do the same thing? Since we live entirely online (not a bad place to live), with no expensive branch office overhead, we are able to pass the savings along to you. That way, your money makes more money, thanks to better rates and lower fees. Add to that 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) | 3.46% with a daily balance of $5,000,000 or below
4.42% with a daily balance above $5,000,000 |
0.91%
|
| Interest rate | 3.40% with a daily balance of $5,000,000 or below
4.33% with a daily balance above $5,000,000 |
0.90% |
| Monthly maintenance fee | $5 | $2 |
| Average daily balance to avoid fee | $4,000 | $1,000 |
| ATM card | For sole proprietors only | For sole proprietors only |
Rates last updated 5/7/2025. 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.
CDs
| Term | Interest Rate | Annual Percentage Yield (APY) | Early Withdrawal Penalties |
|---|---|---|---|
| 3 Months open an account |
3.65% | 3.72% | 90 days interest |
| 6 Months open an account |
4.07% | 4.15% | 180 days interest |
| 12 Months open an account |
4.12% | 4.20% | 180 days interest |
| 18 Months open an account |
3.93% | 4.00% | 180 days interest |
| 24 Months open an account |
3.85% | 3.93% | 360 days interest |
| 36 Months open an account |
3.90% | 3.97% | 360 days interest |
| 48 Months open an account |
3.90% | 3.97% | 360 days interest |
| 60 Months open an account |
3.90% | 3.97% | 360 days interest |
Open with as little as $1,000. 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 5/7/2025. 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.