Business Savings Accounts
Envision a bigger future.
Earn more with a high yield business savings account.
When your business makes money, that money should make money, too. At First Internet Bank, it makes even more. Our high yield, online Business Savings accounts will pique your interest with better rates and lower fees. Not to mention the added convenience of online and mobile tools that deliver easy internal and external transfers, easy check deposits, and easy dreaming.
Rates last updated 12/11/2025. 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 Daily Balance method is used to calculate interest. The Business Money Market account requires a minimum daily balance above $5,000,000 to obtain the higher stated APY, otherwise the lower APY will apply. To avoid a monthly maintenance fee, you must maintain an average daily balance of $4,000 for the Business Money Market account, $1,000 for the Business Savings account. For additional information, visit our Disclosures page.
Money Market Savings
Your business should have no equal. Neither does this online savings account. Start earning higher interest today.
Open Account| Open with as little as | $100 |
| Annual Percentage Yield (APY) 2.94% with a daily balance of $5,000,000 or below 3.64% with a daily balance above $5,000,000 | 2.94% 3.64% |
| Interest rate 2.90% with a daily balance of $5,000,000 or below 3.58% with a daily balance above $5,000,000 | 2.90% 3.58% |
| Monthly maintenance fee | $5 |
| Average daily balance to avoid fee | $4,000 |
| ATM card | For sole proprietors only |
Regular Savings
Best-in-class business savings to put your business ahead of the curve.
Open Account| Open with as little as | $100 |
| Annual Percentage Yield (APY) | 0.90% |
| Interest rate | 0.90% |
| Monthly maintenance fee | $2 |
| Average daily balance to avoid fee | $1,000 |
| ATM card | For sole proprietors only |
But that’s not all
As a First Internet Bank savings account holder, you get access to Zelle® for your business. It’s the fast and easy way to send and receive payments and works great with our Do More Business™ Checking account!
Learn MoreTerms and conditions apply. The Zelle® related marks are used under license from Early Warning Services, L.L.C.
Business Checking
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Questions about high yield business savings accounts? We have answers.
We still believe in the dream that technology should bring people closer together. So if you’ve got questions, you’ll find we’ve got more than a few pennies for your thoughts. Seriously, from our virtual agent to our Relationship Banking team, we are ready to help and love hearing from you.
Online business savings account FAQs
Yes. First Internet Bank allows you to open a business savings account entirely online with no branch visits, in‑person appointments, or limited banking hours. Both Business Money Market and Regular Business Savings accounts can be opened online with a $100 opening deposit. The application is fully digital and available 24/7. Once your account is open, you can manage everything through online and mobile banking, including transfers, mobile check deposits, and balance monitoring — all on your schedule.
And because First Internet Bank is built to operate fully online, businesses aren’t redirected to branches or asked to complete extra steps based on account type. And if questions come up, our U.S.–based Relationship Banking team is available by phone or secure message to help, so you always have access to a real person when you need support.
To open a business savings account online with First Internet Bank, you’ll typically need your Employer Identification Number (EIN), a government‑issued photo ID, your business formation documents (such as Articles of Organization or Incorporation), and basic business contact information. Both business savings account options require a minimum opening deposit of $100.
The application is completed entirely online , with no branches, no notary visits, and no documents to mail. It’s available 24/7, and our U.S.-based Relationship Banking team is to assist at bank@firstib.com or 1-888-873-3424 to assist.
At First Internet Bank, you can open a business savings account with as little as $100, and there’s no minimum balance required to open.
To avoid the monthly maintenance fee, you’ll need to maintain an average daily balance of:
- $1,000 in a Regular Business Savings account
- $4,000 in a Business Money Market account
Both business savings accounts and business money market accounts are designed to help you earn interest while keeping your funds accessible. The key difference is how they’re typically used.
A Business Savings account is well suited for businesses that want a straightforward way to set aside funds, often with lower balance requirements. A Business Money Market account is generally a better fit for businesses that maintain higher balances and want to earn higher yields while still keeping access to their money.