Available nationwide, First Internet Bank Business Business Money Market is offering a staggering 3.46% up to 4.69% APY Rate. Continue reading below to learn everything you need to know about First Internet Bank.
Update 11/15/24: The rate for balances above $5M has decreased to 4.69% APY from 4.95%. This account offers a highly competitive interest rate (probably the best) but the only caveat is to have a minimum balance of $5M to earn the higher tier rate. However, if you want to earn a highly competitive rate for any balance on top of a $400 bonus, we recommend the Live Oak Bank Business Savings account.
About First Internet Bank Business Money Market
From their founding in 1999, they’ve been passionate about delivering convenience and unparalleled support to their customers. Furthermore, they were the first FDIC-insured institution to operate entirely online. They saw that an online bank could serve customers across the nation, but without the overhead costs associated with traditional banks.
Being an online account, they can offer one of the highest rates! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
| Balance Tiers | % APY |
| $100 – $5M | 3.46% |
| $5M or greater | 4.69% |
| Chase Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ( $400 or $900 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Live Oak Bank Business Savings ($200 Bonus) |
| Axos Business Premium Savings ($375 Bonus) | Bluevine Business Checking ($300 Bonus) |
First Internet Bank Business Money Market Rate
To earn First Internet Bank’s competitive rate, simply have an opening deposit of $100. That’s all it takes and you’ll get to enjoy earning the competitive rate.
- Account Type: Business Money Market
- Interest Rate: Up to 4.69% APY
- Availability: Nationwide (Online Bank)
- Minimum Balance: $100
- Maximum Balance: $5M
- Credit Inquiry: Unknown
- Opening Deposit: $100
- Monthly Fee: $5, waive by maintaining $4,000 average daily balance
- Early Termination Fee: None listed
(FDIC Insured)
First Internet Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | ? |
| Pull | ? | ? | ? | ? |
Editor’s Note: Help us with the table above in the comment section if you have experience with their ACH capabilities.
How to Earn First Internet Bank Rate
- Open a Business Money Market account with an opening deposit of $100.
- Earn 3.46% with a daily balance of $5,000,000 or below; 4.69% with a daily balance above $5,000,000
Why You Should Sign Up For This Account
- ATM card
- Incoming wires
- Unlimited online and mobile banking
- Incoming ACH transfers
- Electronic bank statements
- Unlimited deposits
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Bottom Line
Check out First Internet Bank and open a Business Money Market account this amazing rate! The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
If you are interested in a new bank promotion, take a look at our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Check back often to see the latest info on First Internet Bank Business Money Market Account.
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