Ad Disclaimer

California First National Bank VS First Internet Bank of Indiana

Which bank is better for you?

  • Financial Rates: 5.0 Star Icon
  • Customer Service: 3.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 3.0 Star Icon
0.25%APY
Savings/MMA
Star Icon Star Icon Star Icon Star Icon Star Icon

Pros:

  • Reimbursement of ATM fees
  • Competitive interest rates on accounts
  • Interest rates are not tiered
  • Free first order of checks with checking

Cons:

  • Not a wide variety of accounts
  • High opening required amounts
  • Accounts have monthly fees
  • Not all CDs offer competitive rates
  • Financial Rates: 5.0 Star Icon
  • Customer Service: 4.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 4.0 Star Icon
0.75%APY
Savings/MMA
Star Icon Star Icon Star Icon Star Icon Star Icon

Pros:

  • Low opening required amounts
  • Competitive interest rates on accounts
  • Variety of different accounts offered
  • ATM fee reimbursement

Cons:

  • Savings have high required daily balances
  • Accounts have monthly fees
  • CD early withdrawal penalties are high
  • Competitive rates require a large sum
California First National Bank Review

You can withdraw money from any ATMs with the specific “Plus” logo. If you withdraw money from another ATM, you are reimbursed for the fees charged. CalFirst will reimburse up to $6.00 each statement cycle in ATM fees.

Most CalFirst accounts offer competitive interest rates. The interest rates are not tiered, so you earn the highest rates offered on any balance in the account. Interest is paid monthly on the actual daily balance.

The interest rates for CalFirst accounts are not tiered. Any amount you have in their accounts earns the competitive interest rates. You do not have to have a certain amount in the account to earn the most competitive rates.

The first order of checks is free when you open an interest checking account. You get an ATM card when you open an interest checking account. Free online bill pay comes with each CalFirst checking account opened.

CalFirst does not have a wide variety of accounts. No business accounts are available, only personal deposit accounts. One money market account and savings account are available. There is an interest checking and one regular checking account. CalFirst only offers five different CD terms.

CalFirst accounts have high opening amounts. The money market account and CDs require $5,000 to open. The interest checking account requires $2,500 to open. The savings account and regular checking account both require $1,000 to open.

The accounts at CalFirst all have a monthly fee. The fees range from $10 to $20 a month, depending on the account you open. Waive the fee by keeping a set amount in CalFirst accounts. You can also have a combined balance between a variety of CalFirst accounts.

Not all the CD terms offer competitive rates. The most competitive rates are the three-month, six-month, and the one-year terms. The two-year and three-year terms have interest rates much lower than the other terms. Regular CDs require $5,000 to open. The IRA CDs require $2,000 to open. The only fees are if you withdraw the money before the maturity date.

Read the full California First National Bank review.

First Internet Bank of Indiana Review

First IB only requires $25 to open the regular checking account. The interest earning checking account requires $100 to open. The savings accounts require $25 for the free account and $100 for the interest account. The money market account only requires $100 to open. CDs required $1,000 to open.

First IB accounts earn competitive interest rates. Each of the different accounts earns a good rate. To earn the best rate for the checking account only requires $500 in the account. The savings accounts do not have a set limit to earn the competitive interest rates.

A variety of different accounts are available through First IB. There are personal deposit and business accounts. First IB offers a variety of different personal deposit accounts. There is a free checking account as well as an interest earning account. They offer money market savings, regular savings, and a free savings account. There are savings accounts for kids. Loans, credit cards, and health savings accounts are available through First IB.

First IB is a member of the ATM Plus network. This gives you access to millions of ATMs across the United States. Certain accounts with First IB reimburse ATM fees. Up to $10 each month in ATM fees are available for reimbursement. The interest checking, money market, and regular savings offer the reimbursement option.

The First IB saving accounts have high required balance to avoid the monthly fees. The money market savings account requires a daily balance of $4,000 to avoid the monthly fee. The regular savings account requires a daily balance of $1,000 to avoid the monthly fee.

Most First IB accounts have a monthly fee. The fees range from $2 to $10 each month. Waive the fees by keeping an average daily balance in the accounts. The interest earning checking account requires $500 in the account. The money market account requires $4,000. The regular savings account earns $1,000 to waive the fees. The basic checking, savings, and kids accounts do not have a monthly fee.

CDs have a fee for withdrawing money before it reaches maturity. The fees on CDs at First IB are high. CD terms for three-months requires the interest from 90 days. CD terms from 6-months to 18-months require 180 days of interest. CD terms over 24-months fee are 360 days of interest. For some of these terms, you lose all the interest earned if you withdraw your money early.

To earn the most competitive rate, the money market savings requires a high daily balance. First IB requires a daily balance of $250,000 in the money market savings account to earn the highest rate. Amounts under that earn good rates, just not the most competitive rate.

Read the full First Internet Bank of Indiana review.

Favorite Rates

CIT Bank
Savings 08/16/2019
APY 2.30%
Rate 2.27%
For APY $100
Monthly Fee $0.00
Checkbook No
$25k+ balance or $100+/month deposit for 2.30% APY. Member FDIC.
Next >
SunTrust Bank
MMA 08/16/2019
APY 2.25%
Rate 2.23%
For APY $10,000
Monthly Fee $17.00
To Avoid Fee $100
Checkbook Yes
Make saving more rewarding. Open a money market account today.
Next >
TIAA Bank
MMA 08/16/2019
APY 2.15%
Intro Rate 2.13%
Intro Duration 12 Months
Post Intro 1.09%
For APY $5,000
Monthly Fee $0.00
Checkbook Yes
Earn a top 5% yield- always! Open an Account today. FDIC insured.
Next >
Sallie Mae
MMA 08/16/2019
APY 2.15%
Rate 2.13%
For APY $0
Monthly Fee $0.00
Checkbook Yes
Member FDIC Insured.
Next >
Capital One
MMA 08/16/2019
APY 2.00%
Rate 1.98%
For APY $10,000
Monthly Fee $0.00
Checkbook Yes
One of the Nation's Top Savings Rates - No Fees
Next >
State Farm Bank
MMA 08/16/2019
APY 2.00%
Intro Rate 1.98%
Intro Duration 12 Months
Post Intro 1.00%
For APY $1,000
Monthly Fee $10.00
To Avoid Fee $500
Checkbook Yes
Intro APY, $1,000 to Open, $5,000 Min Bal post intro, See Limits
Next >