Available nationwide, First Internet Bank Business Business Money Market is offering a staggering 0.50% APY Rate. Continue reading below to learn everything you need to know about First Internet Bank.
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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.
I’ll review First Internet Bank Business Money Market below.
First Internet Bank Business Money Market 0.50% Rate
- Account Type: Business Money Market
- Interest Rate: 0.50% APY
- Minimum Balance: None
- Maximum Balance: None
- Availability: Nationwide (Online Bank)
- Credit Inquiry: Soft pull or Hard Pull?
- Opening Deposit: $100
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: $5, waive by maintaining $4,000 average daily balance
- Early Termination Fee: None listed, check with CSR
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $100 Cash||Review|
|Axos Bank High Yield Savings||0.61% APY + $100 Cash||Review|
|Axos My Savings Builder||Up to 0.70% APY||Review|
|Axos Bank High Yield Money Market||0.60% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
First Internet Bank ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
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.
- Maintain any balance amount and earn the 0.50% APY rate.
|Balance Requirement||APY Rate|
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
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!
Check back often to see the latest info on First Internet Bank Business Money Market Account.