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First Internet Bank CDs

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Rating: 4 Stars5.0/5.0 (1 Reviews)
APYUp to 5.31% Image
Min. Deposit $1,000 Image

Last updated on 2024-03-10

First Internet Bank CDs Review

Pros Pros

Low min. deposit

High yields

Only online banking

Cons Cons

Higher yields on for longer CD placement terms

No physical banks

Deposit Details First Internet Bank CD APY

  $1,000 & Above
3 months 4.14% APY
6 months 5.18% APY
12 months 5.31% APY
18 months 5.04% APY
24 months 4.82% APY
36 months 4.66% APY
48 months 4.50% APY
60 months 4.55% APY

 

Receive up to 5.31% APY with First Internet Bank Online High Yield CDs

Above rates are applicable to minimum placement of US$1,000

Interest will be compounded monthly and credited on the last business day of the month

If the account is closed prior to the last day of the month, interest accrued but not credited will be forfeited

Your Certificate of Deposit will automatically renew at maturity with no maintainence fees. Each renewal term will be the same as the original term, beginning on the maturity date. You will have a grace period of 10 calendar days after maturity to withdraw the funds without being charged an early withdrawal penalty

Any withdrawal prior to the maturity date will result in a penalty of 180 / 360 days worth of interest for 6 or 12 or 18 months CDs / 24 or 36 or 48 or 60 months CDs

 

Click here to go to First Internet Bank website for more details

 

About Bank About First Internet Bank

First Internet Bank were the first FDIC-insured institution to operate entirely online (since 1999) and have no physical branches. Online banking is available via app or website for all customers.

First Internet Bank can be contacted via email or online chat via their website or app. Customers can also contact them via phone on 1-888-873-3424 from Mondays to Fridays 7am - 9pm EST and Saturdays 9am - 3pm EST

First Internet Bank is a member of FDIC which covers the deposits of a depositor to up to US$250,000

 

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1 Reviews
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5.0/5.0 (1)
5.0/5.0 (1)
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