Bank of Internet offers High Interest Checking with .71% APY in addition to their numerous products and services designed to make online banking easier and more convenient. High Interest Checking offers all the benefits of Bank of Internet’s online banking tools plus the added benefit of a higher interest rate, regardless of how often or how little you use your account.
Opening a High Interest checking account is simple and can be done from your home or office. Since it offers a higher interest rate, Bank of Internet requires a minimum deposit of $500 in order to open the account, unlike their
Rewards Checking account which only requires $100 to start. The bank will also charge a $7.50 monthly maintenance fee if the account’s average monthly balance falls below $5,000.
Despite the differences in startup costs and monthly maintenance fees, High Interest Checking still offers many of the same great products and services as Bank of Internet’s Rewards Checking to make
online banking easier, and convenient. High Interest Checking account holders still get free online transfers, unlimited check writing, and free MyDeposit to deposit checks online from the comfort of your own home or office.
Still not sure if High Interest Checking is right for you? Visit Bank of Internet today for a breakdown of similarities and differences between High Interest Checking and
Rewards Checking accounts. Once you’ve decided which account is best for you, opening an account is quick and easy and can be done right on your own computer.
