If you’re looking for a new savings account available nationwide, First Internet Bank Business Money Market is offering you 3.46% up to 4.69% APY on your funds.
Update 11/15/24: The rate for balances above $5M has decreased to 4.69% APY from 4.95%. This account offers a highly competitive interest rate (probably the best) but the only caveat is to have a minimum balance of $5M to earn the higher tier rate. However, if you want to earn a highly competitive rate for any balance on top of a $300 bonus, we recommend the Live Oak Bank Business Savings account.
First Internet Bank Business Money Market
Here is your opportunity to earn a great rate on your funds. Open a new account and start earning interest and get started today!
- Account Type: Business Money Market
- Rate Offer: Up to 4.69% APY
- Availability: Nationwide
- Credit Inquiry: Hard Pull
- Credit Funding: Unknown
- Minimum Balance: None
- Maximum Balance: None
- Opening Deposit: $100
- Monthly Fee: None
- Early Termination Fee: None listed
(Visit First Internet Bank to learn more)
Account Rates
| Balance Tiers | % APY |
| $100 – $5M | 3.46% |
| $5M or greater | 4.69% |
| Chase Business Complete Checking® ($300 or $500 Bonus) | Bluevine Business Checking ($300 Bonus) |
| Huntington Unlimited Plus Business Checking ($1,000 Bonus) | Huntington Unlimited Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| U.S. Bank Business Checking ($500 or $900 Bonus) | |
First Internet Bank Account Benefits
- ATM card
- Incoming wires
- Unlimited online and mobile banking
- Incoming ACH transfers
- Electronic bank statements
- Unlimited deposits
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Author’s Verdict
This rate isn’t too generous, however, you can earn it on any balance so that’s a plus. Furthermore, I would be sure to check with a CSR to find out if it triggers a hard or soft pull.
If you happen to know whether this account incurs a hard/soft pull, please let us know. Let us know about your thoughts and experience with this account!
In addition to the current rate from First Internet Bank, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
If you happen to know whether this account incurs a hard/soft pull, please let us know. Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!
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