Competitive online-bank CD APY from a dedicated internet-first institution.
Get started at First Internet Bank of Indiana → Pre-qualify (where available) with a soft credit pull — no score impact.
ClearValue Rating: 4.1 / 5 — our editorial assessment (how we rate)
Editorial confidence (30%), cost (25%), value (25%), accessibility (20%) — scored consistently across every product, independent of compensation.
SMBs shopping for the highest available short-term business CD rate who want a pure online-bank alternative to the better-known picks.
First Internet Bank Business CD requires a $1,000 minimum deposit and carries no monthly fee. The 1-year CD APY is approximately 5.00% (verified at firstib.com, Jun 2026) — fixed at opening for the full term. Terms range from 3 to 60 months; an early-withdrawal penalty applies if funds are accessed before maturity.
First Internet Bank Business CD — Competitive online-bank CD APY from a dedicated internet-first institution. Best for: SMBs shopping for the highest available short-term business CD rate who want a pure online-bank alternative to the better-known picks.. Compare it against alternatives before applying; the right fit depends on your situation, credit, and goals.
First Internet Bank publishes current Business CD APYs on its official disclosure page at firstib.com. As of June 3, 2026, the 1-year business CD was approximately 5.00% per live disclosure. CD APYs are fixed at the time of opening for the full term. Verify the current rate at firstib.com before funding. Source: First Internet Bank of Indiana official disclosure at firstib.com; FDIC-insured.
Yes. First Internet Bank of Indiana is an FDIC-member institution. Business CD deposits are insured up to $250,000 per depositor, per ownership category. First Internet Bank is a chartered bank, not a fintech — the FDIC insurance is direct. Verify at fdic.gov or banks.data.fdic.gov.
No. ClearValue Lending is not a bank, CD issuer, lender, or financial advisor. This review presents publicly available editorial information about First Internet Bank Business CDs. CDs are issued and operated by First Internet Bank of Indiana. APYs, terms, early-withdrawal penalties, and eligibility are determined solely by First Internet Bank and may change — verify current terms at firstib.com before opening.
How we rate
Every pick gets a 1–5 ClearValue Rating computed from four weighted factors: Editorial confidence (30%), Cost (25%), Value (25%), and Accessibility (20%).
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