First Internet Bank High Yield Savings Account Review

First Internet Bank High Yield Savings Account is offered by First Internet Bank, a bank founded in 1999 and based in Indianapolis, IN. First Internet Bank High Yield Savings Account is available in 50 states (and Washington, DC).

Are savings accounts from First Internet Bank federally insured?

Yes, your First Internet Bank savings 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.

Does First Internet Bank offer a signup bonus?

First Internet Bank High Yield Savings Account doesn't offer a signup bonus.

What is the minimum balance for First Internet Bank High Yield Savings Account?

What APY does First Internet Bank offer?

First Internet Bank High Yield Savings Account offers an APY of 1.51% (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.

What features and perks does First Internet Bank High Yield Savings Account offer?

This account includes the following features.

What fees does First Internet Bank High Yield Savings Account charge?

First Internet Bank High Yield Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $4,000.

• Outgoing domestic bank transfers come with a $20 fee.
• Outoing international bank transfers come with a $50 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• First Internet Bank High Yield Savings Account charges $3 every time you request a paper statement.