Average User Rating:2.5 star rating based on 6 reviews.
Bank of Internet USA
| 12777 High Bluff Drive #100 San Diego, CA 92130 1-877-541-2634 www.bankofinternet.com  |
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FDIC insured and publicly traded, Bank of Internet offers traditional banking and loan services entirely over the Internet, without making you pay for the cost of a branch network. Their goal is to provide their clients with an exceptional banking experience in order to foster long-term relationships. They respectfully invite you to open an account with them so that you can experience what sets them apart from their competition.
Related Posts
Competitive Business Checking Accounts at BofI Federal Bank - 5/22/2012
Last year Bank of Internet USA changed its name to BofI Federal Bank . Bank of Internet USA still exists, but it's a division under BofI Federal. UFB Direct is another division under BofI Federal. Bot ...
Why Some Checking Accounts Have Higher Rates Than Savings Accounts - 5/8/2012
A reader asked an interesting question in the discussion forum of why some checking accounts pay higher interest rates than savings accounts. Cases like this are becoming more common. Examples of ...
Offer For ASA Members (Forum) - 5/4/2012
American Seniors Association has an offer for members on a checking account rate of 1.50% on balances under $25,000 if you meet 4 requirments. The bank is BOFI Fereral Bank. Bank of the Internet is a division of BOFI. Info is at https://www
Bank Of Internet Launches A New Payment Service (Forum) - 8/15/2011
From Banking Business Review US-based Bank of Internet (BofI) has expanded its offering with the launch of a new person-to-person payment service, Popmoney, to eliminate the problems associated with checks and cash. BofI said that Popmoney allows custome
2011
- 8/4 - Bank of Internet's New Airline Miles Rewards Savings & Checking Accounts
- 7/18 - New Higher CD Rates at Bank of Internet - Available Nationwide
- 7/12 - The New Free Rewards Checking Account at Bank of Internet
- 7/7 - Competitive 1-Year CD Rate at Bank of Internet USA - Available Nationwide
2010
- 11/11 - Bank Of Internet's New Fee Schedule; Changes To Online Banking (Forum)
- 7/6 - CD and Anniversary Review of Bank of Internet USA
- 6/3 - The Best CD Rate is Not Always the Best Deal
- 5/13 - More Big Rate Cuts at Bank of Internet USA (Forum)
- 5/4 - Bank of Internet Cuts Savings and Money Market Rates (Forum)
- 4/9 - Rate Changes at Bank of Internet: Savings Account Rates Down, CD Rates Up (Forum)
- 3/25 - Bank of Internet Cuts Savings and Checking Rates (Forum)
2009
- 11/11 - 2.02% 12-Month CD at Bank of Internet USA - Available Nationwide
- 7/7 - Bank of Internet's New Advantage Savings Account with a 2.50% APY - Nationally Available
2008
- 12/17 - Bank of Internet's High Yield Savings Account - New Higher Yield
- 7/2 - Checking Account Changes at Bank of Internet USA
- 3/12 - 4.20% 60-Month CD at Bank of Internet USA
- 2/28 - High Yield Checking and Money Market Accounts at Bank of Internet USA
2007
See Rates for: Checking | Savings | Money Market | CD
Bank of Internet USA Checking Account Rates
Bank of Internet USA Savings Account Rates
Bank of Internet USA Money Market Rates
Bank of Internet USA CD Rates
Rates updated: 5/27/2012
Data for Q1 2012
Institution Statistics
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Institution Health
Overall Score:
4 out of 5 
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Unreasonable Check Holds / Bad Customer Service
- johnHouTx57 - Tuesday, December 6, 2011 - 7:28 AMI want to share a horrible experience I had with Bank of Internet (BOI). I lost my job and was out of work for a month. I got a new job but I had to wait a month for my first check. I thought it would be a good time to move to an internet only bank and save on fees. Having no money I paid the penalty to withdraw from my 401k to cover my rent at my apartments. I deposited a check from Fidelity on November 29th. I wrote a check to cover my rent on December 3d. On December 6th BOI still had a hold on my check. I contacted them and was told it would not be released until December 9th. This is their policy for check deposits. I called Fidelity and they informed me the check had cleared the bank on their end. Contacted BOI again but still they will not release my funds so my rent check will clear. Now my rent check has bounced, I have no money and the apartments informed me it will cost me 100 dollars late fees to pay on the 9th. So I already paid penalties for withdrawing from my 401k, now late fees with rent all because BOI does not care about people and their hard times, only their policy. The check has cleared the funds are there but BOI won’t give me access to my own money. I do not recommend Bank of the Internet and I give them a ZERO in customer service.
6
CD Renewal
- moneychanger - Tuesday, March 6, 2012 - 10:20 PMI got sucked in with a favorable 6 month CD rate. As usual, I was told I'd get a notice when the CD was about to renew so I could make a decision. No notice ever came and what started as a good rate became bad/poor. Communications these days is a snap...easy and inexpensive. They aren't doing it. It cost customers money.
5
Bank Has Given Good Service
- coolius_y - Saturday, August 28, 2010 - 8:49 PMI have been a customer of BOI for many years. Opened up a CD shortly after they first opened for business, and I have been with them since.
I cannot comment on the checking account service, not having one. But I have had no issues with their customer service with my CDs ( the only type of account I have with them ).
5
Horrible Experience Getting A Mortgage
- tommy12345 - Tuesday, March 27, 2012 - 4:27 PMRUN AWAY AS FAST AS YOU CAN! Lie to you in a minute. Will not return phone calls. Missed closing dates. BAD BAD BAD.
4
No Issues With BOI For 7 Years
- Anonymous - Monday, August 23, 2010 - 10:46 AMI have been with BOI for about 7 years. There has been no problems with their CD products.
My dealings with their customer service have been good and they appear to be knowledgeable & professional.
4
Featured Accounts
Nationwide Savings Accounts
I've Been With Bank Of Internet Since 2003 And The Bank Served Me Well Until Now When I Ran Into A
I've been with Bank of Internet since 2003 and the bank served me well until now when I ran into a situation where I lost my checks. Unlike other banks and credit card companies where they immediately freezed or placed restrictions on my account and issued me a new number without loosing my account history and settings, Bank of Internet's method was to close my account and open a brand new one, which is very painful process with BOI since they take extreme precaution when opening an account. You would think they would make it less painful for me considering I'm a long-time customer and the situation I am in. Furthermore, customer service's attitude was non-caring with no urgency during this traumatic time for me.