The First Internet Bank of Indiana is a digital bank and the first online bank FDIC-insured. Although it doesn’t offer physical branches, the bank provides humanly access to support and assistance. The financial institution offers a wide range of financial products and services, no matter if you are looking for tools for yourself or your business. All offerings are secure, simple, and accessible. Read our First Internet Bank of Indiana review to learn more about this fantastic institution.

Check out all the details right below!

The First Internet Bank of Indiana or First Internet Bank offers many financial products and services for all kinds of needs and goals.

Even though the bank doesn’t offer physical branches, the customer is humanly attended by many ways of support, including email, chat, and telephone.

In general, the bank provides good products and services at competitive rates and fees. And it allows you to choose between free options and other waivable-fee options based on some criteria.

Also, the customer reviews are pretty good.

The bank is secure, accessible, and offers a vast ATM network for you to rely on.  

On the personal section, the bank features checking & savings accounts, as well as lending options and mortgages.

In summary, there are two options when it comes to checking accounts: a free checking and an interest checking account.

Firstly, the free checking option, even though it does not pay interest, doesn’t charge any monthly maintenance fee, and you can open it for only $25.

On the other hand, the Interest Checking pays interest based on a 0.30% rate. You can open it with a minimum deposit of $100.

Although it charges a $10 monthly maintenance fee, you can waive it by maintaining a minimum balance of $500.

All accounts come with a debit card, mobile access, and free first-order checks.

Also, in the savings section, you can choose between a free savings account and a Money Market Savings account.

The first option has no fees associated with it and pays interest on a 0.25% APY basis. The second option offers a 0.70% APY but requires a minimum $4,000 daily balance to avoid the $5 monthly fee.

Furthermore, the bank offers CDs ranging from 3 to 60 months and APY ranging from 0.35% to more than 2.70%, depending on the term chosen.

In addition, there are other services and products for both individual and business needs and goals, such as accounts for kids, IRAs, credit cards, loans, and much more.

If you want a vast range of financial products and services with competitive rates at a low cost, the First Internet Bank is definitely a powerful choice for you. 

It offers options for all kinds of profiles, needs, and goals, whether you are looking for personal or business options.

Learn now how to start banking with First Internet Bank of Indiana by reading our step-by-step right on the next post!