Earn

1.81% APY

with a Money Market Savings account

Start Earning

  • Open your account in minutes
  • Earn interest at 8x the national average*
  • FDIC Insured

You deserve better than average

First Internet Bank’s Money Market Savings account earns 1.81% APY — more than 8x the national average!*​​​​​​ If you have more than $250,000 in your account, you’ll earn an APY of 2.02%.

*As of 2/20/2019, the national average for Money Market Savings accounts is 0.21% APY, according to Bankrate.com. The minimum average daily balance to avoid a fee for a Money Market Savings account is $4,000. Rates are subject to change. Fees may reduce earnings on the account.

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Deposit $10,000 in a First Internet Bank Money Market Account and earn $182 in interest over 12 months

vs. national average: $21

Deposit $100,000 in a First Internet Bank Money Market Account and earn $1,825 in interest over 12 months

vs. national average: $210

Deposit $250,001 in a First Internet Bank Money Market Account and earn $5,097 in interest over 12 months

vs. national average: $526

Looking for a different savings option?

Don't just take our word for it

"I highly recommend First Internet Bank. I have been their customer for 10+ years. Very good customer service and excellent rates."- David M. in New Jersey

Free Offerings

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  • Electronic bank statements
  • Unlimited deposits
Money Market Savings
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Free Savings
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Open with as little as $100 $25
APY (Annual Percentage Yield) 1.81% with a daily balance of $250,000 or less


2.02% with a daily balance above $250,000

0.75%
Interest rate 1.80% with a daily balance of $250,000 or less


2.00% with a daily balance above $250,000

0.75%
Monthly maintenance fee $5 None
Average daily balance to avoid fee $4,000 None
Transactions allowed per month 61 6
ATM surcharge rebate Up to $10 per month None

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 3/7/2019. 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. Interest is calculated using the average daily balance method and compounds monthly. For additional information, visit our Disclosures page.

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