Today's 12-month CD rates can be found at 0.45%, 6-month CD rates at 1.00% and 3-month CD rates at 2.32%. Current savings rates are at 0.40% and money market rates are at 0.40%. Mortgage rates today on 30-year fixed loans are around 6.88%. Credit Card rates are at 8.90%. Personal Loan rates are at 11.24%. All these rates, and more, can be found in our database of rates. First Internet Bank of Indiana's 12-Month CD rates are at 4.20%, 6-Month CD rates are at 4.15%, 18-Month CD rates are at 4.00%, 48-Month CD rates are at 3.97%, 36-Month CD rates are at 3.97%. First Internet Bank of Indiana's savings rates are at 0.81%. First Internet Bank of Indiana's money market rates are at 3.61%.
To see how these rates compare to First Internet Bank of Indiana CD rates, feel free to use our comprehensive rate tables for side-by-side comparisons of CD rates from First Internet Bank of Indiana, savings rates and money market rates, with rates from other banks and credit unions below. You can use our bank rate lists to compare CD rates for all CD terms, with First Internet Bank of Indiana CD rates. You can also compare First Internet Bank of Indiana savings rates, MMA rates and mortgage rates using our other rate lists.
First Internet Bank of Indiana money market rates, and other rates, are continually updated to reflect market conditions, we recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at First Internet Bank of Indiana? Share your experience about First Internet Bank of Indiana by leaving a review below, or read customer reviews before you decide to use First Internet Bank of Indiana.
First Internet Bank of Indiana Texas Ratio
First Internet Bank of Indiana's Texas Ratio is at 1.44%, which is considered excellent.
The Texas Ratio for First Internet Bank of Indiana is lower than the national average of all banks, currently at 6.13%.
The Texas Ratio was developed in the early 1980s, and it is used to identify potential problem banks.
Banks that have a Texas Ratio of 100% or more have a high chance of failing.
Overall, First Internet Bank of Indiana is an excellent bank worth considering, with an overall rating of 5 stars out of 5 stars.
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.
Compare First Internet Bank of Indiana Rates with Other Competitive Bank and Credit Union Rates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.
The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.
First Internet Bank of Indiana Information
First Internet Bank of Indiana
8701 E 116th St Fishers, IN 46038 Hamilton
Established Date: 12/28/1998
FDIC Certificate #: 34607
Date of FDIC Deposit Insurance: 12/28/1998
Are you looking for high interest rates on your savings? A 12-month certificate of deposit (CD) with rates above 4.00 percent may be the right choice for you. Banks and credit unions offer CD's as a type of savings account that generally have higher interest rates than traditional savings accounts. However, these accounts require the deposit to stay in the account for a specified period of time, usually ranging from a few months to several years.
When searching for the best CD rates, it's essential to compare rates from different financial institutions. Websites such as monitorbankrates.com and bankrate.com can be incredibly helpful in this regard. According to monitorbankrates.com, some of the highest 12-month CD rates currently available include: Connexus Credit Union with 4.85%, First Internet Bank of Indiana with 4.75 percent, CIT Bank, also with 4.75 percent, and CFG Community Bank with 4.70 percent. Bankrate.com also lists several financial institutions offering 12-month CD rates above 4.00 percent, such as American Express National Bank with 4.15 percent and Discover Bank with 4.15 percent.
When considering a CD, it's important to consider the rate as well as the length of the term. A higher rate may be more attractive, but if the term is longer, the account holder may miss out on potentially higher rates if they become available in the future. Additionally, it's important to consider whether the account holder will need to access the funds before the term is up, as early withdrawals may result in penalties.
CD rates started increasing when the Federal Reserve started increasing the fed funds rate back in March 2022. The increase in rates was rather swift, since March, the best CD rates on 12-month certificates of deposit are now over 2.00 percent. In fact, the highest 12-month CD rate right available today on the rate list is at 2.15% APY.
Twelve month CD rates are now above the current inflation rate and this hasn't been the case for over a decade. This is great news for retirees who can now invest in certificates of deposit and actually make money when inflation is taken into account.For the past decade, if you invested in certificates of deposit, you were probably getting a CD rate lower than the rate of inflation. You actually lost money by investing in either short term or long term certificates of deposit.For example, back in 2012, the highest 12 month CD rates were around 1.00 percent. The inflation rate in 2012 was 2.10 percent, giving you a negative return of 1.10 percent. Looking at it another way, for every $10,000 invested you actually lost $110.00. Read more...
Several banks and credit unions increased CD rates this week and as a result, the best 12 month CD rates are now at 2.50 percent, a multi-year high. The last time 1 year CD rates were in the 2.50 percent range, was during the financial crisis in 2008/2009.When the financial crisis hit and caused the Great Recession, the Federal Reserve lowered the fed funds rate to nearly zero percent. This caused deposit rates to plummet to all-time lows the following four years. The best 12 month CD rates were actually under 1.00 percent at the low point in 2013.National average rates were even worse because of big brick and mortar banks were offering extremely low rates. At the lowest point during early 2013, MonitorBankRates.com reported 12 month CD rates averaged 0.68 percent. The FDIC's weekly national average rates were even lower, averaging a low of 0.20 percent. Read more...
We just reached a new milestone for 12 Month CD rates in 2017 as rates continue to inch higher. Crestmark Bank is now offering 12 Month CD rates at 1.80 percent. Just about two months ago, we reported a new high for 1 year CD rates at 1.70 percent. That new high was also from CrestMark Bank. You can read about that post Crestmark Bank Best Rate 1.70%.The uptrend for CD rates will continue for the rest of this year and into at least 2018 and it may last even longer if the economy doesn't fall into a recession. The Federal Open Market Committee meets this month and will more than likely increase the fed funds rate by 25 basis points.Another fed funds rate increase will put additional upward pressure on short term interest rates. 1 year CD rates could therefore hit 1.90 percent this month and 2.00 percent sometime early in 2018. Back in early October, we forecast 1 year CD rates hitting 2.00 percent as a result of another fed funds rate increase. Read more...
We expect the increase in rates to continue next month and into 2018. The Fed is widely expected to increase the rate during their meeting in December. In fact, the CME Group's FedWatch Tool puts the probability of an increase at 91.5 percent, as of this writing.The current fed funds rate is in a range of 1.00 percent to 1.25 percent. An increase in December will put the rate between 1.25 percent and 1.50 percent. The last time the rate was that high was nearly a decade ago. You can view the history of the fed funds rate going back to 1955 in this Rate Chart.
The Federal Reserve wrapped up their two day meeting yesterday and decided to keep the fed rates unchanged. The Fed was expected to stand pat on rates during the September meeting. Even though the Fed kept rates where they are, online CD rates continue to march higher.Between this Fed meeting and the last meeting in July, we have witnessed several new highs for short term CD rates. 1 year CD rates already made two new highs in the month of September. On September 5th, we reported the top 1 year CD rate increased to 1.60 percent and now the top 1 year rate is at 1.65 percent.We are still predicting 1 year CD rates will hit a high of 1.75 percent by the end of 2017 but only if the Fed increases the fed funds rate once more this year. You can see a list of the best 1 year CD rates listed below. Read more...
The top CD rates continue to move higher as the best 2 year CD rate hits 1.70 percent this week. 2 year CD rates at Connexus Credit Union take the top spot this week at 1.69 percent with a yield of 1.70 percent. Connexus has the best rate this week but two banks are right on the credit union's tail.
Northern Bank Direct, EverBank, and Popular Direct have the second best 2 year rate this week at 1.64 percent with a yield of 1.65 percent. We have another three-way tie for third place, My e-BAnC by BAC Florida Bank, TAB Bank, and VirtualBank all have a current 2 year rate of 1.61 percent with a yield of 1.62 percent.
Not only are the top rates moving higher this week, average 2 year CD rates are also higher. The current average 2 year CD rate is at 1.50 percent, up from last week's average 2 year rate of 1.47 percent. Listed below are the top ten 2 year CD rates for the week ending April 15, 2017.
Best 2 Year CD Rates
Connexus CU - Rate 1.69% Yield 1.70%
Northern Bank Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
Popular Direct - Rate 1.64% Yield 1.65% (tied for 2nd place)
TAB Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
My e-BAnC by BAC Florida Bank - Rate 1.60% Yield 1.61% (tied for 3rd place)
VirtualBank - Rate 1.60% Yield 1.61% (tied for 3rd place)
Banesco USA - Rate 1.60% Yield 1.60%
Capital One Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
Synchrony Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
M.Y. Safra Bank, FSB - Rate 1.59% Yield 1.60% (tied for 5th place)
iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
Congressional Bank - Rate 1.59% Yield 1.60% (tied for 5th place)
iGObanking.com - Rate 1.59% Yield 1.60% (tied for 5th place)
First Internet Bank of Indiana - Rate 1.56% Yield 1.57%
CD Bank - Rate 1.55% Yield 1.56%
Nationwide Bank - Rate 1.50% Yield 1.51% (tied for 8th place)
Pentagon Federal Credit Union - Rate 1.50% Yield 1.51% (tied for 8th place)
CD rates continue to move higher this week. We look for the trend of higher CD rates to continue in 2017 as long as there isn't a recession. The Fed is expected to increase the federal funds rate at least two more times this year, which will put more upward pressure on CD rates.
This week, the best 1 year CD rate in the database is now at 1.49 percent with an APY of 1.50 percent. A couple of weeks ago, the top 1 year CD rate was 5 basis points less.
The current national average 1 year CD rate also moved higher this week over last. The current national average 1 year CD rate is at 1.26 percent, up from last week's average of 1.30 percent.
First Internet Bank of Indiana Money Market Account rates are now at 0.80 percent with a yield of 0.80 percent. View current Money Market Account rates at First Internet Bank of Indiana below. Read more...
First Internet Bank of Indiana 1 Year CD rates are now at 1.15 percent with a yield of 1.16 percent. View current 1 Year CD rates at First Internet Bank of Indiana below. Read more...
First Internet Bank of Indiana Money Market Account rates are now at 0.80 percent with a yield of 0.80 percent. View current Money Market Account rates at First Internet Bank of Indiana below. Read more...
First Internet Bank of Indiana Savings Jumbo rates are now at 0.60 percent with a yield of 0.60 percent. View current Savings Jumbo rates at First Internet Bank of Indiana below. Read more...
First Internet Bank of Indiana Money Market Account rates are now at 0.80 percent with a yield of 0.80 percent. View current Money Market Account rates at First Internet Bank of Indiana below. Read more...
First Internet Bank of Indiana Money Market Account rates are now at 0.80 percent with a yield of 0.80 percent. View current Money Market Account rates at First Internet Bank of Indiana below. Read more...
First Internet Bank of Indiana Savings 10K rates are now at 0.60 percent with a yield of 0.60 percent. View current Savings 10K rates at First Internet Bank of Indiana below. Read more...
First Internet Bank of Indiana 1 Year Jumbo CD rates are now at 1.20 percent with a yield of 1.21 percent. View current 1 Year Jumbo CD rates at First Internet Bank of Indiana below. Read more...
First Internet Bank of Indiana Savings 50K rates are now at 0.60 percent with a yield of 0.60 percent. View the current Savings 50K rates at First Internet Bank of Indiana below. Read more...
Listed below are recent First Internet Bank of Indiana CD Rate Changes. See how First IB's rates compare with other bank CD rates by searching our rate database at MonitorBankRates.com.
CD rates at First Internet Bank of Indiana were increased across the board. First Internet Bank now has the best 2 year CD rate and best 5 year CD rate available in our database. The higher rates also puts FIB in the top 5 rates available in the database for many other CD terms. All the recent rate changes are listed below. You can see how FIB's new higher CD rates compare with other bank's rates by searching our databases at Best CD Rates.
First Internet Bank of Indiana has increased interest rates on all of their certificates of deposit. This is the second time since October that First Internet Bank of Indiana increased their CD rates. Listed below are the most recent CD rate changes.
The Federal Open Market Committee (FOMC) meets again next week to decide on monetary policy. If the FOMC decides to increase the fed funds rate, CD rates will also move higher. Fed Chair, Janet Yellen, is still talking up a rate hike sometime in 2015 but some Fed officials say the first hike will happen in 2016.
The final FOMC meeting for 2015 will be in December. If a hike doesn't happen next week, the FOMC has one final chance to raise the rate this year. The CME's FedWatch Tool now has a 29.2 percent chance of a hike in December, down from 35.4 percent last month.
The past several months, banks and credit unions in our rate database have been slowing increasing their rates in anticipation of a Fed rate hike. Both short term and long term CD rates have been increased by financial institutions. The increases have been small but at least rates are finally moving higher after a half dozen years of decreases.
The Federal Open Market Committee meets in just over a week to decide on interest rates. August job's report, released last Friday, showed the labor market continuing to improve, adding pressure to the Fed to increase the fed funds rates.Whether or not the FOMC actually increases the fed funds rate is still up in the air. We hope the fed funds rate is increased 0.25 percent, so banks with the best rates will also increase their rates 0.25 percent. A few banks did change their rates this past week but there are no new high rates to report.The changes in rates are listed below along with the best CD rates currently available. Read more...
There were no changes to the highest CD rates available in our database this week. Financial institutions are probably holding tight on rates to see if the Federal Reserve increases the fed funds rates next month. An increase was more than likely but the recent equity market declines have made an increase less likely.If an increase doesn't happen in September, there is still a chance a rate increase will happen this year. After September's meeting, there are two more meetings in October and December. The CME Group has a FedWatch Tool which you can use to quickly gauge the market’s expectations of potential changes to the Fed Funds target rate.As of August 28, the FedWatch has market's expectation of a rate hike in September at 24 percent, a rate hike happening in October at 34 percent, and a hike in December at 52 percent. Read more...
President Barack Obama, in his first State of the Union speech since winning re-election said the federal government needs to streamline mortgage rules that are preventing many creditworthy buyers from purchasing a home. The same rules are also making it harder for creditworthy homeowners from refinancing their existing loan to a lower mortgage rate.
Alabama Central Credit Union is offering certificates of deposit that have some of the best CD rates available these days. Certificate of deposit terms range from 6 months to 5 years for regular certificates of deposit and IRA certificates of deposit.
We just reached a new milestone for 12 Month CD rates in 2017 as rates continue to inch higher. Crestmark Bank is now offering 12 Month CD rates at 1.80 percent. Just about two months ago, we reported a new high for 1 year CD rates at 1.70 percent. That new high was also from 
We expect the increase in rates to continue next month and into 2018. The Fed is widely expected to increase the rate during their meeting in December. In fact, the CME Group's 
Between this Fed meeting and the last meeting in July, we have witnessed several new highs for short term CD rates. 1 year CD rates already made two new highs in the month of September. On September 5th, we reported the 
