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4350 La Jolla Village Drive, Suite 140
San Diego, CA 92122

BofI Federal Bank, a DepositAccounts.com advertiser, is an online financial services company that offers a variety of banking and lending products through a number of brands including Bank of Internet USA, UFB Direct, Bank X, and Netbank. Headquartered in San Diego, California, BofI is an FDIC-insured, award-winning, and publicly traded online bank. As part of their “branchless banking” business model, they have much lower fixed operating costs when compared to traditional, brick-and-mortar banks, and these savings are passed on directly to consumers in the form of lower fees and higher rates on their products. Since getting its start in the early 2000s, BofI has been on the forefront of the online banking movement—helping lead the charge into this new frontier while building a history of sustained growth.

Under their parent brand, BofI Federal Bank offers a full range of business products. Both the Business Interest Checking and Business Money Market accounts are highly competitive—having high rates, low fees, and little to no strings attached.

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Good Business Bank

Posted by: Shanell | Sep 2, 2016

I have been banking with this bank for years now, and love how they handle my financial needs. Their customer service agents are friendly, knowledgeable, and helpful. I recommend this bank for your business financial needs.

Business Banking

I opened a business last year and needed a financial institution for my business. I did extensive research and decided on Bofi. I went through their website and opened an account online. They did call because they needed a little more information. The customer service rep was polite and helpful. I found the experience to be overall enjoyable which is not what I expected in dealing with a bank.

Good for business

Bofi Federal is a great bank for business banking. They offer great rates on their business savings accounts. Because they specialize in business banking, they are great at figuring out what my business needs as we have grown the past few years. Their online banking is not as good as my personal bank but it works for my business.

Hacked And Unresolved

Posted by: Eric Tish | Jun 10, 2017

I was recently hacked and my account drained. I have a debit card issued by BOFI through H&R Block. I called and reported the fraud and within 7 days was told that my claim had been DENIED for reasons yet undisclosed. What I can tell you is where the money was accessed is someplace that i have not done business at in over 20 years!!! I have had an account with these people since they took over the Emerald Card program of H&R block. This was a substantial blow to my finances. I am not at all pleased with this outcome and the lack of action taken on the banks part even though i was able to provide them with the details of where and when this happened within minutes due to the immediate text messages i get when there is activity on my account. I will be switching banks asap and would not recommend them due to this interaction.



Health Grade Components

FDIC Certificate #35546
Year Established2000
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.89%
Return on Equity - YTD20.79%
Annual Interest Income$210.3MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$8.50B$7.59B
LoansQ2 2017vs Q2 2016$7.40B$6.41B
DepositsQ2 2017vs Q2 2016$6.98B$6.12B
Equity CapitalQ2 2017vs Q2 2016$804.8MM$657.1MM
Loan Loss AllowanceQ2 2017vs Q2 2016$40.8MM$35.8MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$28.4MM$31.9MM
Real Estate OwnedQ2 2017vs Q2 2016$1.4MM$207.00K
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Always verify rates and promotions with the bank or credit union. We are not BofI Federal Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

BofI Federal Bank Savings Account Rates

1.01%$25k-Business Premium Savings Account
0.80%--Business Savings Account

BofI Federal Bank Money Market Rates

0.80%--Business Money Market
0.80%--Industry Specific Money Market

BofI Federal Bank Checking Account Rates

0.80%--Business Interest Checking

BofI Federal Bank CD Rates

1.35%$1k-Business 60 Month CD
1.05%$1k-Business 48 Month CD
0.90%$1k-Business 36 Month CD
0.70%$1k-Business 24 Month CD
0.55%$1k-Business 12 Month CD
0.25%$1k-Business 6 Month CD
0.15%$1k-Business 3 Month CD

BofI Federal Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 4350 La Jolla Village Drive, Suite 140 - San Diego, CA 92122