When you put money into a savings account you like to think that there’s a chance that over a period of time the interest earned will be noticeable, unfortunately more often than not the results are less than impressive. To make money with a savings account you need to find a bank that offers a high interest savings account, a bank like Bank of Internet USA.
With as little as $100 you can open a high yield savings account at Bank of Internet USA and receive a great rate. What makes this rate even better is the fact that while many other banks compound interest monthly, quarterly or even annually BofI compounds interest daily, meaning more money for you.
In addition to providing a great rate tied to their high yield savings account Bank of Internet USA also promises no monthly maintenance fees and no minimum monthly balance. On top of this high interest saving account holders are given a free copy of the financial software FinanceWorks™ which allows you to track all your financial accounts, even those at other institutions.
That’s not all a high interest savings account holder will get with Bank of Internet USA, there’s also the luxury of their free MyDeposit program which enables account holders to deposit their checks instantly from the comfort of their home or office along with free online banking with free mobile banking, email and text messaging alerts.
