First Internet Bank of Indiana
First Internet Bank Business CD Review 2026
Updated June 3, 2026
Competitive online-bank CD APY from a dedicated internet-first institution.
Who First Internet Bank Business CD is 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.
At a glance
- 1-year CD APY
- ~5.00%
- Minimum deposit
- $1,000
- Terms available
- 3–60 months
- FDIC
- Insured
Verified at firstib.com, Jun 2026 — confirm before opening
Required to open a business CD
Wide term range for laddering strategies
First Internet Bank of Indiana — $250K coverage
Pros
- +Competitive business CD APY comparable to the top online-bank picks (verified Jun 2026 at firstib.com)
- +Wide term range (3 months to 60 months) supports CD laddering across the full rate curve
- +Dedicated internet-first bank — not a fintech with a partner-bank intermediary layer
- +FDIC insured directly through First Internet Bank of Indiana (FDIC, fdic.gov)
- +Relatively low $1,000 minimum for a dedicated business CD
Cons
- −Less brand recognition than Live Oak, Amex, or Capital One
- −Online-only — no branch network
- −Early-withdrawal penalty applies — review penalty schedule at firstib.com before opening
- −$1,000 minimum deposit (Live Oak requires $2,500; Amex requires none — compare before choosing)
First Internet Bank Business CD requirements
- US-registered business entity
- Business EIN required
- $1,000 minimum opening deposit
- Online application
First Internet Bank Business CD rates & fees
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.
Rates & fees last verified at the issuer on 2026-06-03. Always confirm current terms before applying.
First Internet Bank Business CD alternatives
Top alternatives worth comparing from Best Business CD Rates 2026.
Live Oak Bank
Live Oak Bank Business CD
Higher APY (~5.10%) from a better-known small-business bank
American Express National Bank
American Express Business CD
No minimum deposit with comparable ~5.00% APY
nbkc bank
NBKC Business CD
Community bank option with direct FDIC coverage
Ready to apply?
Application takes minutes. Pre-qualification (where available) uses a soft credit pull with no impact to your credit score.
See if you qualify→Last verified at the issuer on 2026-06-03
The full lineup
See all picks in Best Business CD Rates 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
First Internet Bank Business CD scores 4.1 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. 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.
◆ How we scored it
The ClearValue Rating, broken down.
- Cost
- 35%
- Fit & approval odds
- 30%
- Speed & terms
- 20%
- Transparency
- 15%
Cost (35%), Fit & approval odds (30%), Speed & terms (20%), Transparency (15%) — scored consistently across every product, independent of compensation. Full methodology →
Frequently asked
Questions about First Internet Bank Business CD
What APY does First Internet Bank Business CD pay in 2026?+
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.
Is First Internet Bank 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.
Is ClearValue Lending a bank or CD issuer?+
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.
Related guides
Independent editorial review. ClearValue Lending is a business & personal financing platform — not a lender, broker, or financial advisor. Some links are affiliate links; the issuer may pay a referral commission at no cost to you, which never changes the score. Specific product terms vary; verify with the issuer before applying. See privacy policy.
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