Almost a year to the day after the first Internet-based bank opened its virtual doors, the second such entity - Atlanta Internet Bank - has begun taking deposits.

The new bank, a part of Carolina First Corp., is hoping to skim customers off the Internet by offering an eye-catching 7% interest rate on money market accounts.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.