SIGN UP TO RECEIVE THE LATEST POSTS VIA EMAIL!1.75% APY High Yield Savings at Bank of Internet
August 14, 2009
As banks are dropping interest rates many of the online only banks are able to keep their interest rates up. Bank Of Internet has a competitive yield of 1.75% APY on their High Yield Savings account.
There is a minimum for $100 to open the accout, but after the account it opened there is no minimum balance or maintenance fees involved. There is an ATM card available for you to access your money via ATM’s.
Bank of Internet is FDIC insured up to $250,000 per account. Their FDIC certificate number is 35546.
I do not have an account with Bank of Internet and cannot comment on service, but after reading some reviews it appears that there are no major complaints. With this rate I may look into opening an account as all my current savings accounts are lower then 1.75%. If anyone out there has an account with them, please post a comment and let me know about their products.
More details can be found at Bank of Internet’s Website.
NOTE: For posts that contain bonuses, be sure to read the post for bonus expiration dates. Links may work but the bonus may have expired.
Other Posts You May Be Interested In:
Bank of Internet – 2.02% 12 Month CDBank of Internet is having has always had decent rates, and their 2.02% 12 month CD is still pretty competitive...
Incredible Bank 2.02% High Yield Checking AccountIncredible Bank, a division of River Valley Bank, is offering a high yield checking account with a pretty decent 2.02%...
Ally Bank – Best Savings Account (Note: all rates are as of 03/02/2010) In my quest to find the best savings account, I think I...
I have had a banking relationship with Bank of Internet for a number of years now and have yet to have a bad incidence with them. They’ve always been helpful and courteous whenever I happen to forget my PW or wondered where a deposit went, etc.
I currently have a money market which has a marginally lower rate than the savings account itself. I am only allowed three checks a month – I transfer funds electronically from my main bill pay checking account, since they themselves do not offer EFTs. It’s no problem for me since I am using it largely as a savings vehicle.
I highly recommend them.