First Internet Bank of Indiana
First Internet Bank Business CD Review 2026
Updated October 10, 2026
4.00% APY on a 12-month business CD, and the same rate on every term out to 60 months.
Who First Internet Bank Business CD is best for
SMBs that want to lock a rate for 2 years or longer: First Internet Bank paid 4.00% on every term from 12 to 60 months.
At a glance
- 12-month APY
- 4.00%
- Minimum deposit
- $1,000
- Terms published
- 3 months to 60 months
- FDIC
- Insured
Standard business CD, read at firstib.com on October 10, 2026; the bank dates its rates October 2, 2026
To open
3 months 3.40% · 6 months 3.60% · 12 months 4.00% · 18 months 4.00% · 24 months 4.00% · 36 months 4.00% · 48 months 4.00% · 60 months 4.00%
First Internet Bank of Indiana — up to $250,000 per depositor, per ownership category
Pros
- +4.00% APY on the 12-month term, read at firstib.com on October 10, 2026; the bank dates its rates October 2, 2026
- +$1,000 minimum to open
- +The page states the early-withdrawal penalty beside every term
- +Rates apply to all balance levels
- +The APY is fixed for the term once the CD is opened and funded
Cons
- −Online only — no branch network
- −The penalty on terms of 24 months and longer is 360 days of interest
- −The bank does not issue monthly or annual statements for CD accounts; balances are shown in online banking
- −Early-withdrawal penalty, in the bank's words: 90 days of interest on the 3-month CD, 180 days on the 6-, 12- and 18-month CDs, and 360 days on terms of 24 months and longer
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: 4.00% APY on the 12-month term, read at firstib.com on October 10, 2026; the bank dates its rates October 2, 2026. Minimum to open $1,000. Early-withdrawal penalty, in the bank's words: 90 days of interest on the 3-month CD, 180 days on the 6-, 12- and 18-month CDs, and 360 days on terms of 24 months and longer.
Rates & fees last verified at the issuer on 2026-10-10. 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
4.30% APY on 1 year, with a $2,500 minimum
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→Guide last updated October 10, 2026
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 that want to lock a rate for 2 years or longer: First Internet Bank paid 4.00% on every term from 12 to 60 months.
◆ 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 does the First Internet Bank Business CD pay in 2026?+
On October 10, 2026, firstib.com showed 4.00% APY on the 12-month business CD. The bank dates its rates October 2, 2026. All terms on the page: 3 months 3.40% · 6 months 3.60% · 12 months 4.00% · 18 months 4.00% · 24 months 4.00% · 36 months 4.00% · 48 months 4.00% · 60 months 4.00%. The minimum to open is $1,000. Rates can change until the CD is funded — confirm the rate with the bank first.
What is the early-withdrawal penalty on the First Internet Bank Business CD?+
Early-withdrawal penalty, in the bank's words: 90 days of interest on the 3-month CD, 180 days on the 6-, 12- and 18-month CDs, and 360 days on terms of 24 months and longer. Source: firstib.com, read October 10, 2026.
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 CD. The CD is issued and operated by First Internet Bank of Indiana. APYs, terms, fees, and eligibility are determined solely by First Internet Bank of Indiana 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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