Online Savings Accounts
More – isn’t that the point of Money Market accounts?
Want to be better than the national average? How about earning 0.50% APY with our money market savings account. If you consider yourself “above average” in all you do, you just found your bank!
- Open in minutes
- Earn interest 7x the national average*
- FDIC-Insured
You deserve better
than average
First Internet Bank’s Money Market Savings account earns 0.50% APY — more than 7x the national average!*
*As of 1/4/2021, the national average annual percentage yield (APY) for Money Market Savings accounts is 0.07%, 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.
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
| Money Market Savings open an account |
Free Savings open an account |
|
|---|---|---|
| Open with as little as | $100 | $25 |
| APY (Annual Percentage Yield) | 0.50% | 0.25% |
| Interest rate | 0.50% | 0.25% |
| 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 1/18/2021. 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.
Questions?
We would love to chat. Get in touch however you feel most comfortable.
