First Internet Bank CD Rates: 5.06% APY 12-Month Certificate of Deposit

First Internet Bank is currently offering some of the best CD rates available right now. The best deal for the term is on First Internet Bank's 12-month CD which has a current rate of 4.95% with an APY of 5.06%. First Internet Bank's 12-month CD rate puts the bank in the company of the few banks offering a rate at or above 5.00%.

First Internet Bank offers CDs with competitive interest rates that can vary based on the term length of the CD. First Internet Bank is offering CD terms ranging from 3-months to 60-months, so you have several terms to choose from. CD rates on these CDs are competitive for both short-term CDs and long-term CDs. You can open a CD account with a minimum deposit of $1,000.

As with any CD account, there are early withdrawal penalties for CD accounts at First Internet Bank. The fees can be pretty steep, especially on the long-term CD accounts, CDs of 24-months or more have a penalty of 360 days of interest so make sure to choose a term that works best for you.

First Internet Bank CD Rates Today:

• 3-Month Rate 3.00% APY 3.04%
• 6-Month Rate 4.43% APY 4.52%
• 12-Month Rate 4.95% APY 5.06%
• 18-Month Rate 4.75% APY 4.86%
• 24-Month Rate 4.60% APY 4.70%
• 36-Month Rate 4.45% APY 4.54%
• 48-Month Rate 4.45% APY 4.54%
• 60-Month Rate 4.40% APY 4.49%

Open a First Internet Bank CD Account

First Internet Bank offers competitive CD rates that are among the highest in the online banking industry. The bank's CDs have straightforward terms and conditions, and customers can open a CD account with a minimum deposit of $1,000. Early withdrawal from a CD account can result in a penalty, so you should read the terms and conditions carefully before opening a CD account. To get a list of First Internet Bank CD rates to go https://www.firstib.com/personal/bank/cds/