Online Savings Accounts

More – isn’t that the point of FDIC-insured Money Market accounts?

START EARNING

The Best? You’ve found it.

According to the experts, our Money Market Savings account ranks with the best. Who are we to argue? With our award-winning account you can:

  • Apply online in minutes
  • Earn interest 5x the national average*
  • Rest assured, we’re FDIC-Insured

You deserve better
than average

First Internet Bank’s Money Market Savings account earns 3.77% APY — 5x the national average!*​​​​​​

*As of 1/16/2024, the national average annual percentage yield (APY) for Money Market Savings accounts is 0.65%, 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.

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Deposit $10,000 in a First Internet Bank Money Market Account and earn $377 in interest over 12 months

vs. national average: $65

Deposit $50,000 in a First Internet Bank Money Market Account and earn $1,886 in interest over 12 months

vs. national average: $325

Deposit $100,000 in a First Internet Bank Money Market Account and earn $3,773 in interest over 12 months

vs. national average: $651

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

Account Details Money Market Savings
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Free Savings
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Open with as little as $100 $25
APY (Annual Percentage Yield) 3.77% with a daily balance of $1,000,000 or less


5.48% with a daily balance above $1,000,000

0.81%
Interest rate 3.70% with a daily balance of $1,000,000 or less


5.33% 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 1/17/2024. 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. There is no balance requirement to obtain the annual percentage yield disclosed. 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

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Interest Checking Account + Money Market

Open

Questions?

We would love to chat. Get in touch however you feel most comfortable.