- Open your account in minutes
- Earn interest at 10x the national average*
- FDIC Insured
You deserve better than average
First Internet Bank’s Money Market Savings account earns 1.61% APY — more than 10x the national average!*
*As of 3/16/2020, the national average for Money Market Savings accounts is 0.15% APY,as published in the FDIC’s Weekly National Rates and Rate Caps; average rate used is for deposits up to $100,000. 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. Interest earned assumes entire amount remains on deposit.
Free Offerings
- ATM card
- Incoming wires
- Unlimited online and mobile banking
- Incoming ACH transfers
- Electronic bank statements
- Unlimited deposits
| Money Market Savings open an account |
Free Savings open an account |
|
|---|---|---|
| Open with as little as | $100 | $25 |
| APY (Annual Percentage Yield) | 1.61% | 0.75% |
| Interest rate | 1.60% | 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 | Up to $10 per month |
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 3/25/2020. 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.
Talk to us about the savings account that will work best for you
bank@firstib.com
1-888-873-3424 Looking to save even more?
Have more cash to stash by paying less for your checking, mortgage and credit cards. Save big with our nationally competitive rates.
