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Most Popular BofI Federal Bank Accounts

Account TypeAPYAccount NameMinMax
Checking0.80%Business Interest Checking--Details »
Savings0.80%Business Savings Account--Details »
Savings1.06%Business Premium Savings Account$25k-Details »
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Overview / Commentary
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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Great Bank

Posted by: Albersina | Feb 23, 2018

BOFI has been a great experience for me. At first I was a little cautious because I use to a brick and mortar building. This bank makes life so much easier. You can deposit your money or take a withdrawal at suggested retailers, pay your bills online, get a loan, order checks, just like any other bank but more.

The experience just keeps getting better!

Posted by: Marliware | May 27, 2018

I currently bank with Bofi Federal Bank and couldn't imagine banking with anyone else. I have banked with multiple lenders but they did not meet my needs to where it stopped me from looking elsewhere. They had a monthly fee, or a requirement for how much should be in your account or in your savings or you would be charged an additional fee. They initially grabbed my attention due to a promotion that they had. I love that they wanted to give back to the community for people that trusted them and banked with them. Anytime I had an issue with overdrafting or another issue where customer service got involved it was a great experience. They relieved all of my worries and did whatever they could to assist me. Due to that I decided to refinance my mortgage through them as well. They have made a lifelong customer out of me!

Honest. Easy. Convenient.

Posted by: LightTaru | Apr 23, 2018

I appreciate my experience with B of I. It's incredibly easy to login, and check my balance whenever I feel, day or night. The overview is relatively easy to understand, and straight forward. If I had to make a change, I would make lessen the amount of time it takes for transferring funds/deposits. Otherwise, I love the service.

Not recommended.

Posted by: Estonext | Apr 3, 2018

This bank operates on very irregular hours. The cut-off times for deposits to a checking account are vague. For the past year, every deposit that I have made before the close of business on Thursday has not arrived until Monday morning. This becomes a problem with overdrafts, because funds are not readily available to cover weekend purchases. The customer service is inexperienced and unwilling to help the customers.

Although I am not allowed to overdraw the account, the account can still become overdrawn. Automated payments are accepted, regardless of the amount of the overdraft. However, if you need an extra penny to make a purchase n the store or use an ATM, the transaction will always be declined. This practice leads to more unplanned overdraft fees.

Overall, I would not recommend this bank to new customers. I would suggest finding a more reputable bank with better operating procedures.



Health Grade Components

FDIC Certificate #35546
Year Established2000
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.33%
Return on Equity - YTD24.43%
Annual Interest Income$147.3MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$9.97B$8.69B
LoansQ1 2018vs Q1 2017$8.10B$7.04B
DepositsQ1 2018vs Q1 2017$8.01B$6.88B
Equity CapitalQ1 2018vs Q1 2017$924.4MM$769.3MM
Loan Loss AllowanceQ1 2018vs Q1 2017$62.1MM$46.0MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$30.8MM$33.3MM
Real Estate OwnedQ1 2018vs Q1 2017$8.1MM$908.00K
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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

1.06%$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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.