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888-873-3424
11201 Usa Parkway
Fishers, IN 46037

First Internet Bank is the 326th largest bank in the nation. It was established in 1998 and as of March of 2018, it had grown to 204 employees. First Internet Bank has an A health rating.

Related Posts

First Internet Bank Raises 12-Month CD Rate - 4/23/2018

First Internet Bank has raised rates on its CDs: 12-month (2.22% APY), 18-month (2.32% AYP), 36-month (2.58% APY), and 48-month (2.68% APY). $1k minimum deposit.

CD Rates Have Gone Up For All Terms; 6 Months 1.76% APY - 3/25/2018

6 months 1.76% 12 months 2.17% 18 months 2.27% 24 months 2.43% 36 months 2.53% 48 months 2.63% 60 months 2.78% Rates above apply to all balance levels. Rates last updated 03/23/2018. Rates are subject to change on any day and will be updated by 10 AM Eastern. Please be sure to check this page after 10 AM Eastern for the rate that will be honored today. CD and IRA CD rates are guaranteed as of the postmark date on the envelope containing the signed application and funding for the account. Interest is compounded and credited monthly. APYs assume interest remains on deposit until maturity. A withdrawal will reduce earnings. You have the option to use our online banking, mobile banking, and telephone banking systems to get information about your CD. First IB does not issue monthly or annual statements for CD accounts. https://www.firstib.com/personal-banking-overview/cds/

First Internet Bank's 12-Month CD APY Raised - 3/14/2018

First Internet Bank has raised rates on all its CDs, with the 12-month (2.10% APY) and 48-month (2.58% APY) the most competitive. Minimum deposit is $1k.

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The best online banking experience

Posted by: sidneybarr | Feb 7, 2018

As someone who has been on the Internet for over 20 years, one thing you can't be notice is that there is alot of great stuff to buy online. Whether it is from other online vendors or just trading with other people, there is no shortage of great things I want to buy. If you are like me, you also know how dangerous it is dealing with money online. The ever present identity theft is very real, so having a bank that you can count on is important.

First Internet Bank is the answer to this. You don't have to worry about ID theft and open up a checking account that will let you do online shopping with hassle, and without fear of identity theft.

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.

Website Isn't Full Service, Clunky; Security Concerns

Posted by: leyley115 | May 10, 2018

I opened a CD with them. First the good: 1. Good rates. 2. The process of funding the CD happened quickly (2 days faster than another bank we've used) and the funds showed up in my CD account the same day they were withdrawn from my outside savings account.

Now the bad: 1. Outgoing ACH transfers cost $5 each (many banks are free). 2. You can't verify or manage joint ownership and beneficiary designations from the website - the information just isn't there. You have to call on the phone for this information and they will email documents which you must complete, and then fax, email, or snail mail them back. 3. Security questions can be obscure (like the date of your last auto loan or lease, which can be hard to produce if it was decades ago, etc.) If you miss a security question, you must wait for an account verification specialist to contact you and the process of opening an account becomes more complicated. 4. Once you've opened a CD, you cannot open a second CD from your online account without also opening a checking or savings account (this was verified with account representative over the phone). If you do not wish to open checking and/or savings with them, you must go through the online application process all over again.

Now for the truly bizarre: If you decide to complete a second application, partway through the process it recognizes that you are an existing customer and pulls up all the identity information from your other account (FULL SSN, FULL Drivers License #, DOB's, etc) and populates the personal information screens. Great, so you don't have to enter the information twice, but after it displays all your personal information THEN it asks the security questions! Sadly, I missed one of the security questions (about auto loans) and was booted, but not before all of mine and my husband's personal information was displayed. The lesson here: Any fraudster that fails the security questions has already been given your Social Security Number, Drivers License #, DOB, address, phone numbers, everything!

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.

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Health

Health Grade Components

Overall
FDIC Certificate #34607
Year Established1998
Employees204
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD12.16%
Annual Interest Income$26.0MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$2.86B$2.05B
LoansQ1 2018vs Q1 2017$2.21B$1.44B
DepositsQ1 2018vs Q1 2017$2.20B$1.58B
Equity CapitalQ1 2018vs Q1 2017$235.1MM$162.7MM
Loan Loss AllowanceQ1 2018vs Q1 2017$15.6MM$11.9MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$660.00K$3.4MM
Real Estate OwnedQ1 2018vs Q1 2017$5.0MM$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.

CD Rates Have Gone Up For All Terms; 6 Months 1.76% APY

leemd   |  
6 months 1.76%
12 months 2.17%
18 months 2.27%
24 months 2.43%
36 months 2.53%
48 months 2.63%
60 months 2.78%

Rates above apply to all balance levels. Rates last updated 03/23/2018. Rates are subject to change on any day and will be updated by 10 AM Eastern. Please be sure to check this page after 10 AM Eastern for the rate that will be honored today. CD and IRA CD rates are guaranteed as of the postmark date on the envelope containing the signed application and funding for the account. Interest is compounded and credited monthly. APYs assume interest remains on deposit until maturity. A withdrawal will reduce earnings. You have the option to use our online banking, mobile banking, and telephone banking systems to get information about your CD. First IB does not issue monthly or annual statements for CD accounts.

https://www.firstib.com/personal-banking-overview/cds/

Rates

Rates for First Internet Bank are currently being reviewed.

Locations

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.