First Internet Bank of Indiana savings, CD and money market rates
First Internet Bank of Indiana advertises 0.80% APY on its Free Savings account. That is 0.42 percentage points above the national savings average of 0.38% (FDIC, Aug 2026).
Ranked #280 of 803 tracked savings rates by advertised APY. For a $10,000 balance it would rank #208.
Estimate your earnings·What First Internet Bank of Indiana actually pays
First Internet Bank of Indiana at a glance
| Savings | |
|---|---|
| Top savings APY | 0.80% · Free Savings |
| Minimum to open | $25 · Free Savings |
| Against the national average | 0.42 percentage points above the 0.38% FDIC savings average (Aug 2026) |
| CDs | |
| Top CD APY | 3.76% · 6 months · 6-Month CD |
| Minimum to open | $1,000 · 6 months CD |
| Against the national average | 2.35 percentage points above the 1.41% FDIC 6-month CD average (Aug 2026) |
| Money market | |
| Top money market APY | Up to 3.64% · Money Market Savings · needs at least $1,000,000.01 |
| Minimum to open | $100 · Money Market Savings |
| Against the national average | 3.01 percentage points above the 0.63% FDIC money market average (Aug 2026) |
| FDIC certificate | 34607 · Fishers, IN |
|---|---|
| Website | www.firstib.com |
| Branches | 2 branches in AZ, IN |
| Availability | Available in AZ, IN |
First Internet Bank of Indiana savings, CD and money market rates
Personal
How the rate applies
Business
How the rate applies
Rates are APY. The national savings average is 0.38% (FDIC, Aug 2026). The top tracked savings rate on Banksparency is 5.00%. Across 60 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.50%, and one account in ten advertises 4.01% or more. See the highest savings rates.
First Internet Bank of Indiana CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 3 months | 3.14% | $1,000 | 3-Month CD |
| 6 months | 3.76% | $1,000 | 6-Month CD |
| 12 months | 3.67% | $1,000 | 12-Month CD |
| 18 months | 3.38% | $1,000 | 18-Month CD |
| 24 months | 3.30% | $1,000 | 24-Month CD |
| 36 months | 3.30% | $1,000 | 36-Month CD |
| 48 months | 3.45% | $1,000 | 48-Month CD |
| 60 months | 3.45% | $1,000 | 60-Month CD |
| Business CDs | |||
| 3 months | 3.14% | $1,000 | Business 3-Month CD |
| 6 months | 3.76% | $1,000 | Business 6-Month CD |
| 12 months | 3.67% | $1,000 | Business 12-Month CD |
| 18 months | 3.38% | $1,000 | Business 18-Month CD |
| 24 months | 3.30% | $1,000 | Business 24-Month CD |
| 36 months | 3.30% | $1,000 | Business 36-Month CD |
| 48 months | 3.45% | $1,000 | Business 48-Month CD |
| 60 months | 3.45% | $1,000 | Business 60-Month CD |
Interactive Tool
Calculate Savings for First Internet Bank of Indiana
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,137.00(7.5%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,137.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What First Internet Bank of Indiana pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced all of its deposits over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q1 2026, First Internet Bank of in paid a higher average rate than 93% of U.S. banks (all-bank median 2.27%).
- First Internet Bank of in, avg rate paid
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers every account that earns interest: savings, interest checking, money market accounts, CDs, and personal and business accounts at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older balances at the rates of earlier years, everyday transaction balances, and CDs that were priced in a different rate environment. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rate paid on interest-bearing deposits, quarterly. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Free Savings | 0.80% | $25 | $0 | None | not stated | not stated | One rate | not enough history |
| Kids Savings | 0.80% | $100 | $0 | None | not stated | not stated | One rate | not enough history |
| Health Savings Account | 0.15% | $0 | $0 | None | not stated | not stated | One rate | not enough history |
| Money Market Savings | 3.64% | $100 | $0 | None | not stated | not stated | Tiered | not enough history |
| Business | ||||||||
| Business Money Market Savings | 3.64% | $100 | $0 | None | not stated | not stated | Tiered | not enough history |
| Business Regular Savings | 0.90% | $100 | $0 | None | not stated | not stated | One rate | not enough history |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 3-Month CD | 3 months | 3.14% | $1,000 | not stated | not stated |
| 6-Month CD | 6 months | 3.76% | $1,000 | not stated | not stated |
| 12-Month CD | 12 months | 3.67% | $1,000 | not stated | not stated |
| 18-Month CD | 18 months | 3.38% | $1,000 | not stated | not stated |
| 24-Month CD | 24 months | 3.30% | $1,000 | not stated | not stated |
| 36-Month CD | 36 months | 3.30% | $1,000 | not stated | not stated |
| 48-Month CD | 48 months | 3.45% | $1,000 | not stated | not stated |
| 60-Month CD | 60 months | 3.45% | $1,000 | not stated | not stated |
| Business CDs | |||||
| Business 3-Month CD | 3 months | 3.14% | $1,000 | not stated | not stated |
| Business 6-Month CD | 6 months | 3.76% | $1,000 | not stated | not stated |
| Business 12-Month CD | 12 months | 3.67% | $1,000 | not stated | not stated |
| Business 18-Month CD | 18 months | 3.38% | $1,000 | not stated | not stated |
| Business 24-Month CD | 24 months | 3.30% | $1,000 | not stated | not stated |
| Business 36-Month CD | 36 months | 3.30% | $1,000 | not stated | not stated |
| Business 48-Month CD | 48 months | 3.45% | $1,000 | not stated | not stated |
| Business 60-Month CD | 60 months | 3.45% | $1,000 | not stated | not stated |
Opening and using the account
| Availability | Available in AZ, IN |
|---|---|
| Footprint | 2 branches in AZ, IN |
| Eligibility | not stated |
How First Internet Bank of Indiana behaves over time
$10,000 at the 0.80% APY First Internet Bank of Indiana advertises on Free Savings grows to $10,080 in a year. Prices rose 3.4% in the year to July 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,752 does today. See how the federal funds rate shapes savings rates.
First Internet Bank of Indiana CD rates over time
Who is First Internet Bank of Indiana?
| Headquarters | Fishers, IN |
|---|---|
| Founded | 1998 |
| Scale | $5.7B assets · $5.0B deposits, $4.8B of it interest-bearing (Q1 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 34607 |
Financial detail is in What First Internet Bank of Indiana pays on deposits above.
Common questions about First Internet Bank of Indiana
Is First Internet Bank of Indiana FDIC insured?
Yes. First Internet Bank of Indiana is FDIC insured under certificate 34607, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at First Internet Bank of Indiana?
First Internet Bank of Indiana requires a minimum deposit of $25 to open its Free Savings account, as observed on Sep 11, 2026. Check the bank's current terms before you open an account.
Does First Internet Bank of Indiana have branches?
Yes. First Internet Bank of Indiana operates 2 branches according to FDIC branch records, in addition to its website and mobile apps.
First Internet Bank of Indiana against its closest alternatives
| Bank | Savings APY | Rate paid (Q1 2026) | Min deposit | Branches |
|---|---|---|---|---|
| First Internet Bank of Indiana | 3.64% | 3.39% | $100 | 2 branches in AZ, IN |
| Bank5 Connect | 4.00% | 2.35% | $100 | not stated |
| Barclays | 3.65% | 3.71% | $0 | 1 branch in DE |
| ROGER | 3.61% | 2.37% | $0 | not stated |
Alternatives are the three tracked banks whose highest savings APY is closest to First Internet Bank of Indiana's.
Similar banks and rate hubs
Banks in the same rate band with the same product mix:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.