bank rates

Second Bank Ties For Lead In 3-Year CDs

Among a handful of tweaks to its rate sheet this morning, First Internet Bank of Indiana boosted its 36-month CD return just enough to become a national co-leader in the term.

Raising its yield from 1.46% to 1.51% APY, the online bank out of Indianapolis now shares the top 3-year spot on our CD Rates Leaderboard with EverBank.

The leading 36-month return among national banks had been stuck at 1.50% since January, with EverBank nudging the top return to 1.51% APY just last week.

Requiring a $1,000 minimum deposit on its certificates of deposit, First Internet Bank has been a strong and consistent contender across all six CD terms we track at Bankaholic. However, this is its first time in the lead since 2011.

First Internet Bank similarly boosted its 24- and 60-month CD yields by five basis points each, to 1.31% and 2.17% APY, respectively.

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