Online Savings Accounts
More interest means more savings – it’s just that simple with our FDIC-insured, high-interest Money Market accounts.
Searching for great rates? Relax, you’ve just found them.
Our Money Market Savings account ranks among the very best. So why look any further? With our award-winning account you can:
- Apply online in minutes
- Earn interest 6x the national average*
- Rest assured, because we’re FDIC-Insured
You aren’t average. Why should your earnings be?
First Internet Bank’s Money Market Savings account earns 3.61% APY — 6x the national average!*
*As of 7/10/2025, the national average annual percentage yield (APY) for Money Market Savings accounts is 0.59%, as published in the FDIC’s Weekly National Rates and Rate Caps; average rate used is for deposits up to $100,000. The Daily Balance method is used to calculate interest. The Money Market account requires a minimum daily balance above $1,000,000 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 Personal Money Market account. There is no monthly maintenance fee with a Free Savings account. For additional information, visit our Disclosures page.
We don’t like to brag…but…
“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
| Money Market Savings open an account |
Free Savings open an account |
|
|---|---|---|
| Open with as little as | $100 | $25 |
| APY (Annual Percentage Yield) | 3.61% with a daily balance of $1,000,000 or less
4.42% with a daily balance above $1,000,000 |
0.81% |
| Interest rate | 3.55% with a daily balance of $1,000,000 or less
4.33% with a daily balance above $1,000,000 |
0.80% |
| Monthly maintenance fee | $5 | None |
| Average daily balance to avoid fee | $4,000 | None |
| ATM surcharge rebate | Up to $10 per month | Up to $10 per month |
Rates last updated 7/3/2025. 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 Money Market account requires a minimum daily balance above $1,000,000 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 Personal Money Market account. There is no monthly maintenance fee with a Free Savings account. For additional information, visit our Disclosures page.
Make it a Combo!
Ready to start enjoying all the benefits of digital banking? If you are considering opening a personal savings account, we make it easy to apply for both a savings and checking at the same time. We have plenty of combos for you to enjoy.
Free Checking Account+ Free Savings
Interest Checking Account + Money Market
Questions?
We would love to chat. Get in touch however you feel most comfortable.
