Money Lobang

First Internet Bank Money Market Savings Account

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APYUp to 5.48% Image
Min. Deposit $4,000 Image

Last updated on 2024-02-20

First Internet Bank Money Market Savings Account Review

Pros Pros

Convenient online banking

High yields

Cons Cons

High min. average daily balance of $4,000

No physical banks

Deposit Details First Internet Bank Money Market Savings Account APY

  Interest Rate
$0 to <$1m 3.77% APY
>$1m 5.48% APY


Receive up to 5.48% APY on your online money market savings account

No balance requirement to obtain stated annual percentage yield

Minimum initial placement of US$100 and above

Minimum average daily balance of US$4,000 below which a US$5 maintainence fee will be imposed

Interest is calculated by the daily balance method and compounded and credited monthly on the last business day of the month

Free ATM card

Reimbursement of up to US$10 per month for foreign ATM usage

6 transfers or withdrawals allowed during any calendar month (or statement cycle of at least four weeks). Excessive withdrawals result in a $5 per item fee


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 for free 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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First Internet Bank Money Market Savings Account Review

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