Bank of Internet offers its Rewards Checking account holders the ability to build their own interest rate. By using their account for common every day actions, account holders can increase their interest rate.
Direct deposits of more than $1,000 each month can earn you an interest rate of .3125% each month. Paying a minimum of two bills a month using online Bill Pay will earn you an additional .3125%. Even using your Visa debit card for your everyday purchases can bring you the reward of a higher interest rate for a maximum of 1.25% APY. Building your reward rate is easy, since you can earn while you do the online banking you’re going to do anyway.
In addition to a buildable reward rate, Bank of Internet Rewards Checking offers much more by the way of online banking. From unlimited ATM reimbursements, to free online transfers, and money management software, Rewards Checking makes it easy to save and keep track of your money. You can even use your Rewards Checking account to deposit your checks online with MyDeposit so you’ll never have to physically go to a bank again.
Rewards Checking also comes with free overdraft protection. You can choose to protect your account with a line of credit, or link your account to another online savings or money market account. Say goodbye to overdraft fees because with Rewards Checking you won’t see them again.
Bank of Internet makes it easy to do all of your banking online. In a world that’s constantly calling for more convenience, Rewards Checking is the answer to all of your banking needs. Visit Bank of Internet today and open your own Rewards Checking account.