If you're seeking high interest rates on certificates of deposit (CDs) and money market accounts (MMAs), you should consider stashing your cash with First Internet Bank—but only if you already have some money saved up. First Internet Bank has a variety of account options, but its checking and savings accounts only offer modest annual percentage yields (APYs).
Founded in 1999, First Internet Bank started as an online-only bank. It is FDIC-insured, with headquarters in Indiana. Since it’s a digital bank, it might not be ideal if you want to visit a physical branch.
