Bank of Internet USA Rates

If you're looking for a savings account with competitive rates, Bank of Internet is offering their Advantage Savings Account at 2.50% APY. This is a savings account that give you the flexibility of bill payment services and higher than average savings account rates. To open the account there is a minimum initial balance of $100.

Some great perks on the savings account are:

• There are no monthly maintenance fees
• No minimum balance required (aside from the initial deposit to open the account)
• 3 bill payments per month either to yourself or to 3rd parties
• the 2.50% APY currently applies to all balances

Although this account has transaction limitations and there is a $10 charge on over withdrawals this savings account is very decent as it encourages many consumers to save. In economic hardships like these it is vital to save as much as you can for unexpected rainy days. And you can also rest assured that this bank is FDIC insured (# 35546).

What's the interest on your savings account? If you have a higher interest bearing one please share with the Go Banking Rates community. Or check out other great RATES we've gathered for you.

Bank of Internet is offering an interest bearing checking account with rates of 1.30% APY. If you like the convenience of knowing that you'll have access to your money any time you need it and at the same time while it sits in the bank it is earning some interest - an interest bearing checking account is what you need.

The features for this account are:

• Up to $8 ATM reimbursements per month
• First checks and check images are free
• Free online bill pay

Bank of Internet is FDIC insured up to $250,000 - so you know your money is in safe hands.

If you know any banks that has good interest bearing checking account rates please share with the Go Banking Rates community. Also check out other great Rates on Go Banking Rates.

The latest economic news is so harrowing that just about everyone is looking for safe, smart places to park their cash and ride out the storm. One place that fits the bill is the new high-yield savings account from the Bank of Internet USA. With an interest rate of 3.45%, their savings account in general the plain Jane of investment strategies is turning heads.

Opening a high-interest savings account with Bank of Internet USA is pretty straightforward. Simply go online to the Bank of Internet website, and walk yourself through the process. Youll learn that:
There are no fees or balance requirements
Interest is compounded daily
Transfers between your various BOI accounts are easy and instantaneous
An ATM card comes with it
Your money is insured by the FDIC

Hard to argue with all this on top of the 3.45% interest rate, isnt it? Of course, youll have the usual restrictions associated with a savings account no checks written on the account, and the number of free transactions you can perform every month is limited. There are some other minor limitations as well, but overall, this high-yield savings account is giving other investment vehicles a run for their money, to coin a phrase. In fact, that rate is more competitive than BOIs money market account rates (3.21%) and beats their 6-, 36-, and 48-month term CDs, and is almost as strong as their highest CD interest rates of 3.55%, 3.65% and 3.50%.

The new Bank of Internet high-yield savings account is worth a look, and a reminder that theres always a way to make money, even in times when people are just trying to hold on to what theyve already got.