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First Internet Bank Money Market Account Review 2024

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Indiana-based First Internet Bank is an online-only bank with a full suite of personal and business banking accounts. The bank's Money Market Savings account has a low opening deposit requirement, but you need a seven-figure daily balance to earn the higher of its two advertised APYs.
The Forbes Advisor review of the First Internet Bank Money Market Savings Account highlights its competitive features and benefits. This account offers a high APY, no monthly maintenance fees, and no minimum balance requirement, making it attractive for savers looking to grow their money without the burden of fees. It provides easy access to funds with unlimited deposits and up to six withdrawals or transfers per statement cycle, although there's a $5 fee for each transaction exceeding this limit. Additionally, First Internet Bank provides an ATM card for account holders, with access to over 85,000 fee-free ATMs nationwide. The account also comes with the convenience of online and mobile banking, and the bank is known for its customer service. However, the review notes that while the account has many advantages, the interest rate, although competitive, might not always be the highest available, and there are no physical branches for in-person banking.

Read the Full Forbes Article at:
[ https://www.forbes.com/advisor/banking/money-market-account/first-internet-bank-money-market-account-review/ ]


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