First Internet Bank of Indiana, is offering 0.60% APY on high yield online savings account with $100 minimum deposit requirement. The bank charges $1,000 to avoid other fees and a $2 monthly account maintenance fee.
The bank does not offer check writing with its savings account services. However, it does offer a free checking account service requiring no minimum balance and no hidden fees. The bank also offers a free savings account that needs a $25 as an opening balance and provides a 0.40% APY compounded daily.
