Bank of Internet’s high yield savings account: 2.06% APY
Bank of Internet has a pretty solid deal on their high yield online savings account which is available to customers nationwide. Currently their online savings account is yielding an APY of 2.06% with absolutely no fees or balance requirements.
This rate offered by Bank of Internet currently tops the rates offered by the once high yielding online savings accounts of etrade, IngDirect and HSBC. The Bank of Internet is located in Southern California and is a registered member of the FDIC (which means your deposits are federally insured up to $250,000).
Bank of Internet account features:
(as seen on their promo page)
- No fees or balance requirements
- Easy transfers between Bank of Internet accounts
- Free online statements
- ATM card available
- FDIC insured
Annual Percentage Yield (APY) is effective 07/08/2009. This account requires a $100 minimum deposit to open. This is a variable rate account and your interest rate and annual percentage yield (APY) may change daily.
