First Internet Bank Shines in GOBankingRates' Awards
First Internet Bank has been honored for its exceptional banking services as it earns a spot in the GOBankingRates 2025 Best Banks Awards. This achievement highlights the bank's commitment to providing quality financial products and outstanding customer service. Being recognized in four distinct categories, including Best Checking Account, Best Money Market, Best CD Rates, and Top 10 CD Rates, showcases the diverse offerings that appeal to a wide array of customers.
Evaluation Process by GOBankingRates
GOBankingRates performs rigorous evaluations to determine the top banks in the industry. They assess over 100 banks, encompassing traditional institutions, online banks, and neobanks. By analyzing rigorous FDIC data and each company's product range, they strive to highlight true leaders in modern banking.
Leadership Remarks on Recognition
David Becker, the Chairman and Chief Executive Officer of First Internet Bank, shared his thoughts on this significant acknowledgment. He expressed his gratitude, stating, "It’s an honor to see national media like GOBankingRates consistently recognize our products. We deliver industry-leading accounts, supported by outstanding service to enable our customers to take even greater control of their finances." His words reflect the bank's mission to empower its clients in their financial journeys.
Innovative Milestones and Awards
As a long-standing innovator in financial services, First Internet Bank has an impressive track record of accolades. This recent recognition is just the latest addition to a series of accomplishments. After celebrating over 25 years of operations, the bank has been recognized as one of the “Top Workplaces in Central Indiana” by the Indianapolis Star for 11 consecutive years, illustrating its commitment to a positive work culture and employee satisfaction.
Participation in FedNow® Program
Moreover, First Internet Bank's involvement in the FedNow instant payment pilot program further sets it apart in the banking sector. The bank was instrumental in completing the program's inaugural historic transaction, underscoring its innovation and adaptability in a rapidly changing financial landscape.
More About First Internet Bank
Established in 1999, First Internet Bank was a pioneer in branchless banking. As of September 30, 2024, the bank holds assets of $5.8 billion and provides a range of services. From consumer and small business deposits to commercial loans and treasury management services, First Internet Bank continues to meet the evolving needs of its customers. More information about their offerings is readily available on their website.
Frequently Asked Questions
What awards did First Internet Bank receive?
First Internet Bank received accolades for Best Checking Account, Best Money Market, Best CD Rates, and Top 10 CD Rates in GOBankingRates' 2025 Best Banks Awards.
How does GOBankingRates evaluate banks?
GOBankingRates evaluates over 100 banks using FDIC data and reviews product offerings across various categories to identify industry leaders.
What is the significance of the FedNow participation?
First Internet Bank's involvement in the FedNow program showcases its commitment to innovation by being part of the first-ever instant payment transaction.
When was First Internet Bank established?
First Internet Bank was established in 1999, making it a pioneer in direct banking services without traditional branches.
What is the asset size of First Internet Bank?
As of September 30, 2024, First Internet Bank holds assets of $5.8 billion, demonstrating its growth and stability in the financial sector.
