First Internet Bank Savings Account Rates and Money Market Account Rates

First Internet Bank of Indianapolis, Indiana, is advertising three different savings accounts and a money market account. First Internet Bank's savings accounts include a Regular Savings Account, Free Savings Account and a Tomorrow's Tycoons. The minimum opening balance is $100 except for the Free savings account which has a $25 minimum. The money market account minimum opening balance is also $100.

Looking for the best savings account rates and money market account rates? Use our rate tables at SavingsAccount.MonitorBankRates.com to find a list of the highest rates in your area.




First Internet Bank's money market account rate is higher than their savings account rates. The MMA rates are tiered. The current money market account interest rate for account balances up to $49,999 is 1.00 percent with an annual percentage yield of 1.00 percent. MMA rates for account balances of $50,000 and over is currently 1.24 percent with an APY of 1.25 percent.

First Internet Bank Savings Account Rates




  • Regular Savings Account Rate 0.75% APY 0.75%


  • Tomorrow's Tycoons Savings Account Rate 0.75% APY 0.75%


  • Free Savings Account Rate 0.50% APY 0.50%


There is a minimum account balance of $1,000 on the Regular Savings Account to avoid a monthly fee of $2.00. The money market account has a minimum balance of $4,000 to avoid a monthly fee of $5.00.


A list of First Internet Bank's current savings account rates and money market account rates can be found at firstib.com.


 

 
Author: Brian McKay
May 18th, 2010