Bank of Indiana Account Options and Features

Bank of Indiana offers a variety of account options to suit different needs and preferences.

You can choose from a range of personal checking accounts, including the Freedom Checking account, which has no monthly maintenance fees and offers free online banking and bill pay.

The bank also offers a Teen Checking account, designed for teenagers, which includes features such as a debit card and online banking access.

Additionally, Bank of Indiana offers business checking accounts, including the Business Advantage Checking account, which offers free online banking and a debit card.

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First Internet Bank of Indiana is an online-only bank that doesn't have any physical branches or ATMs of its own. However, it does offer rebates for surcharges from using ATMs around the country.

One of the bank's main advantages is its competitive APYs on many of its banking products, including CDs and money market accounts. This can be a great option for savers looking to earn a higher interest rate.

The bank offers a full range of banking products, including checking, savings, and money market accounts. However, it's worth noting that its checking accounts have relatively low APYs compared to other banks.

Here are some key features of First Internet Bank of Indiana's accounts:

Overall, First Internet Bank of Indiana can be a good choice for those looking for online deposit accounts with competitive yields. However, it may not be the best option for those who need a one-stop shop for all their financial needs.

First Internet Bank of Indiana offers a range of account types, including savings accounts with no monthly service charge or a charge that can be waived.

All of its savings accounts have a relatively low minimum opening deposit and yields that are in line with the national average of 1.45%. You can choose from a few different savings accounts, each with its own unique features.

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The bank also offers checking accounts with APYs below the national average of 0.01%. Some of these accounts feature no monthly service charge or a charge that can be waived by maintaining a minimum average daily balance.

Here's a quick rundown of the account types offered by First Internet Bank of Indiana:

First Internet Bank of Indiana offers a variety of savings accounts with competitive yields. All of their savings accounts have either no monthly service charge or a service charge that can be waived.

The bank offers two types of high-yield online savings accounts, which is a great option for those looking to save money. The yields offered are, for the most part, in line with the national average of 1.45%.

One of the benefits of First Internet Bank of Indiana's savings accounts is that they have a relatively low minimum opening deposit. This makes it easy for anyone to get started with saving.

Here are the latest savings account details for March 2025:

Overall, First Internet Bank of Indiana's savings accounts are a solid choice for those looking for a reliable online bank.

CDs are a type of savings account that offers a fixed yield on your money for a specified term.

First Internet Bank of Indiana offers CDs in a variety of terms ranging from three months to five years, with APYs that are quite competitive with the best online banks.

If you're looking for a fixed yield on money you won't need for a while, the bank's CD accounts could be a good fit for you.

The minimum opening deposit for CDs is $1,000, and they automatically renew at maturity, giving you a 10-day grace period to withdraw your money.

One thing to keep in mind is that First Internet Bank of Indiana has some of the harshest early withdrawal penalties, so be sure to read the fine print before investing.

Here are the CD terms and their corresponding APYs:

The early withdrawal penalty for a 6-month CD is 180 days' interest, which effectively wipes out any interest you could possibly earn during the term.

First Internet Bank of Indiana offers online checking accounts in two different varieties. These accounts are designed to cater to customers of all balance sizes.

The bank's checking accounts offer APYs below the national average of 0.01% for checking accounts. This means you won't earn a high interest rate on your checking account balance.

All of the bank's checking accounts feature either no monthly service charge or a charge that can be waived by having a minimum average daily balance. This is a convenient option for customers who want to avoid monthly fees.

One notable benefit of First Internet Bank of Indiana's checking accounts is that they do not charge a non-network ATM fee. This means you can use ATMs without incurring additional charges.

Here are some key features of the bank's checking accounts:

Bank of Indiana offers a range of features and services to make your banking experience convenient and secure. You can save your debit card to your Mobile Wallet for safe and secure transactions without any hassle.

First Internet Bank of Indiana offers a competitive APY of higher than 2.02% on its money market account, giving you a better return on your savings. You can choose from a personal or business money market account to suit your needs.

The bank also provides a range of services through its Mobile Banking app, including Mobile Deposit, Move Money, Manage Cards, Add Sub-User, Online Statements, and the Mobile App. These services are available to you at no extra charge, although third-party message and data rates may apply.

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Money Market accounts are a great way to earn interest on your money while keeping it easily accessible, just like a checking account. First Internet Bank of Indiana offers a competitive APY higher than the national average of 2.02%.

You can choose from a personal or business money market account, both of which offer a competitive APY. The bank's personal money market account is a hybrid of a savings and checking account.

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First Internet Bank of Indiana offers a competitive APY higher than the national average of 2.02% on its money market accounts. This means you can earn more interest on your money without having to jump through hoops to access it.

The bank's money market accounts are designed to be easy to use, with features that make it simple to manage your finances.

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Online statements allow you to receive and view your monthly bank statements through online banking and your mobile app. You'll receive an email notice every month notifying you that the statements are available online.

To enroll in online statements, log into online banking and click on the account you want to enable online statements for. You can also select multiple accounts to enroll by clicking on "Documents" on the left.

Click on the "Statements" tab in the lower right-hand side of the screen to review the electronic statement terms. Viewing the test document is required before accepting terms to ensure your device can download and view statement PDF files.

Previous mailed statements prior to the electronic statement terms acceptance will not be viewable online. Statements are stored for 18 months for your convenience.

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Your Mobile Wallet is at your fingertips, making it easy to access your debit card and make transactions safely and securely.

Community First Bank of Indiana doesn't charge a fee for Mobile Banking, which is a big plus.

You'll just need to check with your wireless carrier for details on any third-party message and data rates that may apply.

To use Mobile Deposit, you'll need to review and agree to the Mobile Deposit User Agreement and Disclosures first.

Here are some of the features you can access through Mobile Banking:

First Internet Bank of Indiana has a solid reputation for customer service, earning an A+ rating from the Better Business Bureau.

Their customer support is available by phone from 7 a.m. to 9 p.m. EST on weekdays, making it easy to get help when you need it.

You can also reach out to them on Saturdays from 9 a.m. to 3 p.m. EST, which is convenient for those who have weekend banking needs.

Their ability to resolve customer issues in a timely manner is a testament to their commitment to excellent customer service.

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Indiana has hundreds of banks, making it a challenge to find the best one for your needs. The banking experts at SmartAsset have done the research for you, listing the top banks in the state.

To make an informed decision, consider the banking products offered by each bank. Some banks specialize in specific types of accounts, such as checking or savings accounts. Others offer a wide range of services, including loans and investment options.

Ultimately, the best bank for you will depend on your individual needs and preferences. Take the time to research and compare the different options available in Indiana.

First Internet Bank of Indiana is a great option if you're looking for online deposit accounts with competitive yields. You can get both a checking and savings account with the same institution, which is convenient for managing your finances.

It's worth noting that First Internet Bank of Indiana doesn't offer consumer loans or credit cards, so you might need to look elsewhere for those services. This could be a drawback if you're looking for a one-stop shop for your financial needs.

One thing to consider is that First Internet Bank of Indiana specializes in online banking, which can be a plus if you're tech-savvy and prefer managing your accounts online.

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Finding the Best Banks in Indiana can be a challenge, especially with hundreds of options to choose from.

First Internet Bank of Indiana offers competitive APYs, a variety of deposit accounts, and ATM fee reimbursement, making it a solid online bank.

You can evaluate banks and credit unions by considering annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks.

The banking experts at SmartAsset have dug up information on the top banks in Indiana, making it easier for you to decide which one to work with.

Here are some key factors to consider when selecting a bank:

First Internet Bank of Indiana CDs have competitive APYs, but be aware that they have harsh early withdrawal penalties, including 180 days' interest for a 6-month CD.

A good bank should offer a range of products and services that meet your financial needs, including checking and savings accounts, CDs, and potentially consumer loans or credit cards.

First Internet Bank of Indiana doesn't offer consumer loans or credit cards, so it may not be the best choice if you need a one-stop shop for your financial needs.

The quality of a bank's app is also important, with features like mobile check deposit, online account statements, and peer-to-peer money transfers through Zelle.

First Internet Bank of Indiana offers a variety of bank products, including CDs, checking, money market, and savings accounts. These accounts are all available online, making it easy to manage your finances from the comfort of your own home.

The bank offers competitive APYs on many of its CDs and money market accounts, making them a great option for those looking to grow their savings. However, the APYs on its checking accounts are lower than the national average.

One of the benefits of banking with First Internet Bank of Indiana is that it offers a full range of banking products, making it a one-stop shop for your financial needs. However, it's worth noting that it doesn't offer consumer loans or credit cards.

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Here are some key features of First Internet Bank of Indiana's products:

First Internet Bank of Indiana's CDs are available in a range of terms, from three months to five years, with APYs that are competitive with the best online banks. However, be aware that the early withdrawal penalties can be quite harsh.

Overall, First Internet Bank of Indiana offers a range of products that can help you manage your finances and grow your savings. Just be sure to understand the terms and conditions of each product before opening an account.