Bank of Internet is providing its Rewards Checking account holders with the ability to build their own reward interest rate. Account holders can work towards the interest rate they want up to 1.25% APY. Account holders can increase their rate whenever they perform an action with their Rewards Checking account.
By receiving direct deposits of more than$1,000 each month, account holders will earn .3125% APY. Paying two or more bills each month with Bill Pay will earn an additional .3125% APY. Even using your Visa debit card for your normal every day expenses can earn you .3125% to .625% APY.
Not only does Bank of Internet make earning rewards through your Rewards Checking account more rewarding, it makes online banking a whole lot easier. With free money management software, FinanceWorks, and MyDeposit, Rewards Checking account holders can manage their bank accounts online from the comfort of their own home or office.
Rewards Checking has a lot to offer to its account holders. With unlimited ATM reimbursements and free online transfers, Rewards Checking account holders enjoy a lot of perks when it comes to their checking account. Also included with Rewards Checking are a free pack of checks if you order some when you open your account, free online images of your checks, and overdraft protection.
Bank of Internet has made opening a Rewards Checking account as easy as clicking a button. To open an account, all you have to do is visit Bank of Internet. All you needs is $100 to start. After that you’ll enjoy all the benefits of Rewards Checking minus the hassle of monthly minimum balances and maintenance fees.