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Rate Changes at Bank of Internet: Savings Account Rates Down, CD Rates Up

Friday, April 9, 2010 - 8:17 AMBank of Internet USA - Details
Bank of Internet's savings, money market and checking account rates have fallen by 10 basis points:
  • High Yield Savings - 1.30% (was 1.40%)
  • Money Market Savings - 1.25% (was 1.35%)
  • Advantage Savings - 1.20% (was 1.30%)
  • High Interest Checking - 0.81% (was 0.91%)
But the news isn't all bad. CD rates went up. Some notable rate hikes:
  • 3 to 5 months Personal CD - 1.10% (was 0.35%)
  • 6 to 11 months Personal CD - 1.28% (was 1.00%)
  • 12 to 23 months Personal CD - 1.54% (was 1.40%)
  • 24 to 35 months Personal CD - 2.00% (was 1.92%)
For details about Bank of Internet, please refer to my Bank of Internet blog post and the Bank of Internet overview.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,077
1. Wednesday, April 14, 2010 - 8:47 PM
After raising rates on Friday, the 3-mo. and 6-mo. rates dropped yesterday, to 0.35% and 0.75% respectively. But 48-mo. is up, at 2.92%, which is higher than the 60-mo. rates. Seems like BOI is confused!
1
AnonymousAnonymous2,282 posts since
May 9, 2010
Rep Points: 3,917
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