First Internet Bank Money Market Savings Account
in Money Market Accounts from First Internet BankUnaffiliated
First Internet Bank Money Market Savings AccountUnaffiliated
in Money Market Accounts from First Internet Bank
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|APY (Annual Percentage Yield)||1.81% - 2.02%|
|APY Minimum Balance||$0|
|Minimum Initial Deposit||N/A|
First Internet Bank Money Market Savings Account Review
First Internet Bank Money Market Savings Account is offered by First Internet Bank, a bank founded in 1999 and based in Indianapolis, IN. First Internet Bank Money Market Savings Account is available in 50 states (and Washington, DC).
Are money market accounts from First Internet Bank federally insured?
Yes, your First Internet Bank money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #34607). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What are the First Internet Bank Money Market Savings Account rates?
First Internet Bank Money Market Savings Account offers an APY starting at 1.81% and ranging up to 2.02% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.
|APY (Annualized Percentage Yield)||1.81% - 2.02%|
What are the First Internet Bank Money Market Savings Account fees?This account charges a monthly maintenance fee of up to $5. You can avoid this fee by maintaining a balance of $4,000. First Internet Bank will charge you a $5 fee if you exceed your maximum number of monthly transactions.
Federal regulations limit the number of transactions you can make from your money market account to six per month.
|Monthly Fee||up to $5|
|Paper Statement Fee||N/A|
|Excess Transaction Fee||$5|
What is the minimum balance for First Internet Bank Money Market Savings Account?
No minimum initial deposit. First Internet Bank does not require a minimum initial deposit to open an account.
Monthly maintenance minimum balance of $4,000. You can avoid the monthly fee if you keep a minimum balance $4,000.
What features and perks does First Internet Bank Money Market Savings Account offer?
This account does not seem to offer any of the features and perks we track.
How to open an account with First Internet Bank
- Visit the First Internet Bank website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
Other Services by First Internet Bank
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia