Featured Savings Rates
Featured Accounts

Open an AccountBofI Federal Bank

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 »
View all BofI Federal Bank accounts »

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.

Related Posts

View all posts from:

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.

Good Option

Posted by: Axonbigb | Jan 19, 2018

It's pretty difficult to get banking wrong. Friendly, knowledgable people with good customer service and about what you'd expect from any normal bank. There was nothing that stood out, but also nothing that would keep me from banking with them again. That's what you want -- to not notice problems with your bank. BoFi is there for that. If you have conveniently located branches, etc, then this will be a good option for you. Don't go out of your way for them, though.
They offer all of your usual business banking products. This is definitely a more business-oriented bank. Online applications and account management options exist to make quick glances or changes to your account very simple and easy to understand. Would recommend for a business who wants to change banks.


Posted by: Hypercure | Jan 18, 2018

My experience with BOFI was dismal. I had been a customer with them for about six years with no real problems. I had to do a dispute on a charge made to my BOFI debit card for $330 that I made, but never received the product. BOFI clearly stated in their terms that I would be issued a credit after ten business days. I wasn't. Instead I got a message that they were not crediting at this time and to check back after another sixty days. I complained and got the usual corporate run around where nobody knows anything. So, I told them that I was leaving. I asked that they not contact me again for any reason. I withdrew all of my money from the account and closed it. Unfortunately, there are too many people in the world now for them to take notice of me or feel the need to treat a single customer with any respect. So, I transferred my business to Aspiration.

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 - YTD1.76%
Return on Equity - YTD18.8%
Annual Interest Income$427.0MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$8.91B$8.16B
LoansQ4 2017vs Q4 2016$7.91B$6.86B
DepositsQ4 2017vs Q4 2016$7.45B$6.69B
Equity CapitalQ4 2017vs Q4 2016$872.6MM$725.3MM
Loan Loss AllowanceQ4 2017vs Q4 2016$45.6MM$40.9MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$30.0MM$34.6MM
Real Estate OwnedQ4 2017vs Q4 2016$8.6MM$908.00K
Report an Issue

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