Read on to learn more about First Internet Bank CD Rates, Offers, and Promotions here.

Update 12/3/24: Rates have decreased slightly, but still overall good rates for the longer terms.

Best CD Rates: 4.42% APY 12-Month, 4.18% APY 18-Month, 3.93% APY 24-Month, $1k minimum deposit.

Availability: Nationwide

Credit Inquiry: Soft Pull

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About First Internet Bank

First Internet Bank was the first FDIC-insured institution to operate entirely online. Since its inception in 1999, they have been providing banking services online nationwide.

First Internet Bank offers a vast array of products including CD options for all of your specific financial needs. From checking and savings account to loans and CDs, you are bound to find one that works for you.

Your account can be funded via ACH or wire. The account ownership can be either individual, joint, or trust.

Term	APY Rate	Minimum Deposit
3-Month	3.72%	$1,000
6-Month	4.35%	$1,000
12-Month	4.42%	$1,000
18-Month	4.15%	$1,000
24-Month	3.93%	$1,000
36-Month	3.77%	$1,000
48-Month	3.62%	$1,000
60-Month	3.67%	$1,000

*The above rates are accurate as of 12/3/2024*

First Internet Bank CD Rates

CDs are a certificate issued by a bank to a person depositing money for a specified length of time. Usually the longer of a term, the higher APY rate you make. The interest is compounded and credited monthly. You can transfer the interest money to a First IB savings or checking account.

With as little as $1,000, you can invest in a First Internet Bank CD account to maximize your earnings. Compare their offering now to find the solutions that fit best with your savings goals. If you’re interested in making a higher rate than a traditional savings account then make sure to check out below CD rates.

Minimum deposit: $1,000
Maximum deposit: None
Early withdrawal penalty: Amount not specified

CD Rates at First Internet Bank

(FDIC Insured)

Compare the best CD rates:
Alliant Credit Union 12-Month Certificate (4.30% APY)	Quontic Bank CD (Up to 4.25% APY)
Western Alliance Bank 3-Month CD (4.50% APY)	Western Alliance Bank 12-Month CD (4.25% APY)
Ponce Bank 3-Month CD (4.25% APY)	Blue Federal Credit Union 9-Month No Penalty CD (3.75% APY)
Sun Canyon Bank 11-Month CD (3.98% APY)	Ponce Bank 4-Month No-Penalty CD (4.15% APY)

First Internet Bank CD Features

Low minimum balance requirement
Competitive rates on all CD terms
Free online and mobile banking
Insured by the FDIC up to the maximum allowed by law
Unlimited number of beneficiaries

Bottom Line

With a unique selection of CD lengths to choose from, you can be sure to find an account that best fits all your banking needs. Take advantage of a low required minimum balance of just $5,000. Once your funds are matured, you can do an internal transfer or get it by check. They will give you a 10 calendar days grace period before automatic renewal.

This is ideal for accounts like Certificate of Deposits, which require very little maintenance. The rates are worth a look, but always compare them with the nation’s best using our guides: CD Rates | Savings Rates.

This is a great opportunity to invest in a high-interest CD from First Internet Bank. However, you may want to compare them with our best CD Rates:

You might even find yourself earning more than a regular savings account. Be sure to apply as soon as you can to start your new account experience. Check back often for the latest First Internet Bank CD rates!

Disclaimer: Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.