Featured Savings Rates
Featured Accounts

First Internet Bank of IN

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.79%18-month CD18 Month CD
1.71%1-year CD12 Month CD
1.79%18-month IRA18 Month IRA (Traditional, Roth)

Overview / Commentary
317-532-7900
11201 Usa Parkway
Fishers, IN 46037

First Internet Bank of IN is the 337th largest bank in the nation. It was established in 1998 and as of September of 2017, it had grown to 204 employees. First Internet Bank of IN's money market rates are 3X the national average, and it has an A health rating.

Related Posts

First Internet Bank Raises Short-Term CD Rates Again - 11/15/2017

First Internet Bank has again raised the rates on its 12-month CD (1.71% APY) and 18-month CD (1.79% APY). The minimum deposit is $1k. Also offered as IRAs.

First Internet Bank Continues To Raise Short-Term CD Rates - 9/29/2017

First Internet Bank has raised the rates on its 12-month CD (1.62% APY) and 18-month CD (1.70% APY). The minimum deposit is $1k. Also offered as IRAs.

Short-Term CD Rate Increases At First Internet Bank - 9/28/2017

12-month CD, 1.62% APY 18-month CD, 1.70% APY

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Happy Customer

Posted by: elizayork | Nov 21, 2017

I have been with FirstIB for some years now. I have not ever had a problem with them. My direct deposits are always within a day or two of making and I can use my checking account whenever it is convenient for me. The best thing I like about my checking account is that I don't have to worry about overdraft fees. For instance, I am only able to spend what is in my account and if there is not anything in there, then I can't go over in my account. That is a plus for me. I think I will be continuing on with my business with FirstIB. Another good thing about FirstIB is that you can receive discounts from vendors/stores when you make purchases and also there was not a fee or small deposit to be made to create an account.

Very Good Internet Bank

I have had a really great overall experience with First Internet Bank. They make online banking so easy. I do feel that their website could be improved. Some of the areas I'm looking for when I log on are hard to find. I've also had issues a few times with their website down. Overall though, it's a great bank if you're looking for an online option.

Great online bank

First of all, I have become more concerned about cybercrimes and breaches when doing business online. I chose an online bank because I was tired of being told to come into the branch when I need things done. Also, the customer service is not as good as it was years ago. FIB has been great for me mostly, I am able to transfer money from checking to savings easily, and update my debit pin instantly. They also have many products and services with competitive rates available to those who need them. When I quit my job and started my business two months ago, I was able to open a business account with no problem. I had been denied by another popular bank and not given a reason as to why. My 401k was transferred and I was approved for a better return rate. This was surprising! I really have not had experience with the overdraft fees, but I have setup an overdraft line of credit from my savings account. What I most look forward to is utilizing the VA and FHA loan services to make my first home purchase.

Easy online banking

Originally became aware of them through a freelance job I was working. We received a card from them through this bank for deposits. I liked them so much after the job ended I upgraded to a full checking account. Deposits were always on time, and the few times I did have a problem the customer service reps fixed everything in no time. A business day tops. Making cash and check deposits was the hardest part, and why I ended up leaving them for something local. You had to physically mail checks and such for deposit, which took quite a while. As I started receiving more payments this way, having an online only account was no longer feasible for me. If you do direct deposit only though, and just need to pay bills and withdrawal money from and ATM, they're very good.

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Health

Health Grade Components

Overall
FDIC Certificate #34607
Year Established1998
Employees204
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD10.17%
Annual Interest Income$60.2MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$2.63B$1.82B
LoansQ3 2017vs Q3 2016$1.90B$1.22B
DepositsQ3 2017vs Q3 2016$2.03B$1.51B
Equity CapitalQ3 2017vs Q3 2016$218.5MM$153.7MM
Loan Loss AllowanceQ3 2017vs Q3 2016$14.1MM$10.6MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$2.7MM$1.1MM
Real Estate OwnedQ3 2017vs Q3 2016$5.1MM$4.5MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Short-Term CD Rate Increases At First Internet Bank

Carpline   |  
12-month CD, 1.62% APY
18-month CD, 1.70% APY

Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Internet Bank of IN Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$250k*-Business Regular Savings
OTHER TIERS: 1.00% Up to $250k
0.60%--Regular Savings
0.60%--Tomorrow's Tycoons
0.40%--Free Savings
0.15%--Health Savings Account
0.15%--Commercial Health Savings

First Internet Bank of IN Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$250k*-Money Market Savings
OTHER TIERS: 1.00% Up to $250k
1.26%*$250k*-Business Money Market Savings
OTHER TIERS: 1.00% Up to $250k
1.26%*$250k*-Money Market IRA
OTHER TIERS: 1.00% Up to $250k
1.00%--Money Market CESA

First Internet Bank of IN Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$500-Interest Checking

First Internet Bank of IN CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.38%$1k-60 Month CD
2.38%$1k-Business 60 Month CD
2.15%$1k-48 Month CD
2.15%$1k-Business 48 Month CD
2.02%$1k-36 Month CD
2.02%$1k-Business 36 Month CD
1.88%$1k-24 Month CD
1.88%$1k-Business 24 Month CD
1.79%$1k-18 Month CD
1.79%$1k-Business 18 Month CD
1.71%$1k-12 Month CD
1.71%$1k-Business 12 Month CD
1.41%$1k-6 Month CD
1.41%$1k-Business 6 Month CD
1.06%$1k-3 Month CD
1.06%$1k-Business 3 Month CD

First Internet Bank of IN IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.38%$1k-60 Month IRA
2.38%--60 Month CESA
2.15%$1k-48 Month IRA
2.15%--48 Month CESA
2.02%$1k-36 Month IRA
2.02%--36 Month CESA
1.88%$1k-24 Month IRA
1.88%--24 Month CESA
1.79%$1k-18 Month IRA
1.79%--18 Month CESA
1.71%$1k-12 Month IRA
1.71%--12 Month CESA
Locations

First Internet Bank of IN is an Internet only bank and does not have branch locations. Its headquarters is located at 11201 Usa Parkway - Fishers, IN 46037