First Internet Bank of Indiana
First Internet Bank of Indiana (FIB) is a wholly owned operating subsidiary of First Internet Bancorp which is privately capitalized with over 250 private and corporate investors. With $530 million in assets, FIB is the first state-chartered, FDIC-insured institution to operate solely via the internet and has customers in all 50 states.
They offer services which include interest-bearing checking accounts, regular and money market savings accounts with industry-leading interest rates, CDs, IRAs, credit cards, and check cards that can be used instead of cash or checks. FIB also offers personal lines of credit, installment loans, unique real-time transfers between accounts, and the ability to display checking, savings, and loan information on a single screen. FIB is one of the attractive options among internet-only banks.
The website’s user interface is intelligent with minimal clicking to get to the service you are looking for. Customer service is done with emails and telephone. Although FIB does not own any ATMs, it is part of the Plus and Star networks and never charges its own fee. FIB reimburses up to $6 per month for ATM fees charged by ATM owners and operators. Deposits can be made only through certain Star ATMs or the mail, unless you use the sole main branch in Indianapolis.
Interest-bearing checking accounts have an APY of 1.00% when you maintain an average daily balance of $500 or more. Regular Savings accounts have an APY of 1.00% with an average daily balance of $1000. Their 60 months CD has an interest rate of 3.25% with an APY of 3.30%. These are the FIB bank rates that appear on their website which was last updated 11/06/2009.
For more information, visit the First Internet Bank of Indiana website.
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