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Savings Rates

The average savings rates pay a measly 0.46% APY¹. At Bank of Internet, both of our savings accounts pay over four times that amount. With our savings accounts, you will have savings rates that are among the highest in the country with all the features and security you deserve.

Without the overhead of traditional banks, we are able to pass the savings to the customer, which is why we offer some of the most competitive savings rates in the country. Open a savings account today and start saving time and money.

REGULAR
Account APY Rate
Regular Savings 2.000% 1.980%
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MONEY MARKET
Account Balance APY Rate
$1-$9,999 3.460% 3.400%
$10,000-$24,999 3.460% 3.400%
$25,000-$49,999 3.460% 3.400%
$50,000-$99,999 3.460% 3.400%
$100,000 + 3.460% 3.400%
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1. Source: MSN Money as of 10/09/2008.
All BofI Checking and Savings accounts are variable rate accounts and these rates are subject to change without notice. The Annual Percentage Yield (APY) assumes principal and interest remain on deposit at the same rate for one year. We use the average daily balance method to calculate the interest on your checking or savings account. This method determines the average balance by adding the full amount of the principal in the account for each day within the statement period and dividing that figure by the number of days within the statement period. Interest is compounded daily and calculated on a 365 day basis. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest for checking and savings accounts is compounded daily and credited to your account on your monthly statement cycle date. Time Deposit rates are fixed for the term of the certificate. Time Deposits require a substantial penalty for early withdrawal. Please refer to the Disclosures and the Terms and Conditions for further information.
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