Money Market Savings Account - First Internet Bank - Money Market Account

Money Market Savings Account

Have some cash to stash, but still want access to your funds? As our highest yield savings option, First Internet Bank’s Money Market Savings account earns 1.16% APY— more than 8x the national average!* If you have more than $250,000 in your account, you’ll earn an APY of 1.41%. And just like our Regular Savings account, we’ll reimburse you up to $10 per month on ATM fees.

*As of February 2, 2018, the national average for Money Market accounts is 0.14% APY, according to Bankrate.com.

Money Market Savings Open
Open Account with as little as
$100
APY (Annual Percentage Yield)
1.16%
with a daily balance of $250,000 or less
1.41%
with a daily balance above $250,000
Interest Rate
1.15%
with a daily balance of $250,000 or less
1.40%
with a daily balance above $250,000
Monthly Maintenance Fee
$5
Average Daily Balance to Avoid Fee
$4,000
Transactions Allowed per Month
61
ATM Card
Yes
ATM Surcharge Rebate
$10 Up to $10 per month
1You may make up to six transfers or withdrawals by means of a preauthorized, 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 $5.00 per item fee.

Rates last updated __DATE__. Rates are subject to change on any day and will be updated by 10 AM Eastern. Please be sure to check this page after 10 AM Eastern for the rate that will be honored today. Fees may reduce earnings on account. Interest is calculated using the average daily balance method and compounds monthly.

For further details, refer to: Fees Common to All Personal Accounts, Truth in Savings Disclosure - Money Market Savings, Deposit Account Terms and Conditions.

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