COMMERCIAL

Commercial & Business Deposits

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.

We’re not a ‘one-size-fits-all’ kind of team

Our business bankers believe in partnering for success and our commercial team takes the time to get to know you and your business. We’ll work as hard as you do to find the perfect solution for your needs. If you’re looking for something outside of the box, we’ll even provide customized options to meet your specific needs. It’s the way we believe banking ought to be.

Contact our Commercial Deposits team

Checking Account Options

Commercial Premium Checking
open an account
Commercial Analysis Checking
open an account
Small Business Checking

open an account

Open with as little as $1,000 $1,000 $500
Minimum balance requirement $25,000 to avoid $15 monthly maintenance fee Earnings credit rates help pay for services use $10,000 to avoid $25 monthly maintenance fee
Transaction limits 300 free transactions, then $0.25 per item Free, unlimited Free, unlimited
Deposit options iScan Deposit or remote deposit capture Remote deposit capture iScan Deposit or remote deposit capture
Online and mobile banking Business online banking Business online banking Personal online and mobile banking
Treasury management services Available Available Small business payments (ACH) available upon request
Business debit card Available for authorized signers Available for authorized signers Available for authorized signers
ATM surcharge rebate Up to $10 per month Up to $10 per month N/A
Online bill payment Available; please speak with a Treasury Management representative Available; please speak with a Treasury Management representative Free, unlimited
Statements Free electronic statements Free electronic statements Free electronic statements

Checking Account Reconciliation Form. A checking account reconciliation form makes it easy to reconcile the ending balance with checks still outstanding to know your actual balance at any time. For your convenience, you can download a reconciliation form here and print it at any time. Please also refer to the Disclosures page. 

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) 1.81% with a daily balance of $250,000 or less


2.02% with a daily balance above $250,000

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


1.41% with a daily balance above $250,000

Interest rate 1.80% with a daily balance of $250,000 or less


2.00% with a daily balance above $250,000

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 11/7/2018. 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
1.90% 1.92% 90 days interest
6 Months
open an account
2.25% 2.27% 180 days interest
12 Months
open an account
2.70% 2.73% 180 days interest
18 Months
open an account
2.80% 2.84% 180 days interest
24 Months
open an account
2.90% 2.94% 360 days interest
36 Months
open an account
3.00% 3.04% 360 days interest
48 Months
open an account
3.10% 3.14% 360 days interest
60 Months
open an account
3.30% 3.35% 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 11/7/2018. 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.