First Internet Bank Money Market Savings Account

First Internet Bank of Indiana claims to be the nation’s first state-chartered, FDIC-insured bank to operate solely via the Internet. That means there are no branches for you to drop off your deposit. But on the flip slide, that should also mean better rates and lower fees. The Money Market Savings account is First Internet Bank's high yield savings account. Although it has the words "Money Market" in the account name, it doesn't offer check writing. Customers can apply for the account online, but the application will need to be printed out and mailed to the bank.