Bank of Internet provides FDIC-insured online banking services entirely over the Internet including high-yield checking accounts, free savings accounts, money market accounts, and certificates of deposit as well as home loans and mortgage refinancing.
Bank of Internet gives you access to the benefits of online banking, such as higher interest rates, because it costs online banks less to operate, and the savings are transferred to their customers.
Bank of Internet offers online bank accounts with excellent online banking features, a full range of bank account services, and easy access to your money via ATM cards, free unlimited check writing, easy online transfers, and free unlimited bill payment services.
Bank of Internet provides absolutely secure Internet banking services, and Bank of Internet accounts are FDIC-insured for up to $100,000 per depositor.
High Interest Checking Account
The Bank of Internet High Interest Checking Account offers a high APY and direct access to your funds.
The Bank of Internet checking account offers free initial checks with unlimited free check writing, a free ATM card with up to $8 in ATM reimbursements per month, free online bill pay, and access to overdraft protection.
Bank of Internet requires a $500 minimum initial deposit to open a checking account, and there is a monthly service fee of $7.50 if your balance is less than $5,000, but the monthly maintenance fee will be waived if your average daily balance is $5,000 or more.
However, there is no minimum daily balance requirement after the initial opening deposit, and if you can deposit enough money to avoid the monthly service fee, the Bank of Internet checking account will allow you to earn a high interest rate on your savings while maintaining easy access to your funds through this online checking account.
The Bank of Internet High Yield Checking Account is FDIC-insured for up to $100,000.
High-Yield Savings Account
The High Yield Savings Account from Bank of Internet offers a high APY with no fees and no minimum balance requirements to obtain the high Annual Percentage Yield.
The Bank of Internet High-Yield Savings account has a $100 minimum opening deposit requirement, but there are no monthly maintenance fees and no minimum balance requirements to avoid fees.
This fee-free online savings account provides free ATM cards, easy automatic transfers between your accounts, and free online statements.
Plus, the Bank of Internet online savings account is FDIC-insured for up to $100,000, so your funds are absolutely safe in this free savings account.
Money Market Savings
The Money Market Savings Account from Bank of Internet offers a competitive interest rate of high APY regardless of your account balance.
The Money Market account has a $100 minimum initial deposit requirement, but there are no maintenance fees and no minimum balance requirements thereafter in order to avoid fees or to receive the full APY.
Bank of Internet offers access to your Money Market account funds via free ATM cards and free initial checks with the ability to write up to 3 checks per month, although there is an overall limit of 6 withdrawals per month.
In addition, the Money Market savings account from Bank of Internet is FDIC-insured for up to $100,000.
Certificate of Deposit
Bank of Internet Certificates of Deposit offer terms ranging from 3 to 60 months and annual percentage yields from 0.90% to 2.50%, depending on the terms you select.
There are no maintenance fees for a Certificate of Deposit from Bank of Internet, but there is a $1,000 minimum initial deposit requirement to open your account, and there are early withdrawal fees if you decide to withdraw money before your terms expire.
Bank of Internet does offer free electronic transfers of your earned interest, and the interest is compounded daily.
Your Bank of Internet Certificate of Deposit will automatically renew at the end of your term, and you’ll have a 10-day grace period to notify Bank of Internet if you would rather close your account at that time.
Certificates of Deposit are also FDIC-insured for up to $100,000, so your deposited funds are absolutely safe.
Bank of Internet Home Equity Loans and Mortgage Refinancing loans provide low interest home loans to help save you money.
Home Equity loans of $10,000 or more are available with low rates, no closing costs, no points, and no prepayments, and a wide variety of loan terms are available.
Refinance Mortgage loans of $100,000 or more are available with low rates, no hidden fees, quick processing, and absolutely secure financing with a variety of loan terms to meet your needs.
Bank of Internet makes getting a home loan simple with low rates and no hidden fees, plus they offer a variety of loan terms for every borrower.
You can also Refinance Your Mortgage with Bank of Internet to lower your home loan interest rates from your current mortgage.
Bank of Internet makes online banking simple with great rates, free banking services, and excellent customer service, so take advantage of Bank of Internet’s online services for banking and loans.
Read our article about Free Online Loan Quotes from LendingTree to receive up to 4 loan quotes from competitive lenders for auto loans, home loans, personal loans, and more.