Business

Savings & CDs

Easy and efficient business banking deposit options

At First Internet Bank, we have your business banking needs covered! We offer deposit and savings accounts that will help you manage your everyday banking needs. As our name suggests, we don’t have an expensive branch network to maintain, so we pass our savings on to you in the form of better rates and lower fees. And because we know every day gets busier than the last, we offer a full suite of free online and mobile banking tools to make it easier to manage your finances on the go.

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) 2.02% 1.16% with a daily balance of $250,000 or less


1.41% with a daily balance above $250,000

Interest rate 2.00% 1.15% with a daily balance of $250,000 or less


1.40% with a daily balance above $250,000

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 10/1/2019. 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
1.75% 1.76% 90 days interest
6 Months
open an account
1.90% 1.92% 180 days interest
12 Months
open an account
2.10% 2.12% 180 days interest
18 Months
open an account
2.15% 2.17% 180 days interest
24 Months
open an account
2.20% 2.22% 360 days interest
36 Months
open an account
2.22% 2.24% 360 days interest
48 Months
open an account
2.25% 2.27% 360 days interest
60 Months
open an account
2.28% 2.30% 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 10/1/2019. 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.