Bank of Internet High Yield Savings Account Review: 1.30% APY (Nationwide)

Residents nationwide can now enjoy a 1.30% APY from Bank of Internet when you sign up for a new Savings account. To qualify for the stated rate, all you would need to do is meet the minimum opening deposit as well as any requirements associated with your new account. Once you have met the requirements, you will have full access to the rate as well as account features to better your banking experiences. Additionally, you will have the financial relief of knowing your account is FDIC insured. How great is that? Are you currently interested? Please do not hesitate! I recommend you apply as soon as you can as the rate’s subjected to change.

Bank of Internet Account Summary:

• Apply Now
• Account Type: Savings Account
• Rate: 1.30% APY
• Availability: Nationwide
• Expiration Date: None
• Soft/Hard Pull: Soft Pull or Hard Pull? Let us know!
• Direct Deposit Requirement: No
• Additional Requirements: None
  
• Avoid Monthly Fee: None
• Early Termination Fee: None

Bank of Internet Account Requirements:

• Steps:
  1. Apply Now
  2. Select Your Product
  3. Be sure to provide the following:
     • Social Security Number
     • A Valid Form of U.S. ID: Drivers License, State I.D
     • Valid U.S. Address (no PO box)
     • Must be a U.S. Citizen or Resident Alien
  4. Submit Your Application
     • Provide your personal information
  5. Sign Your Signature Card
  6. Fund Your Account
  7. Enroll in Online Banking

Bank of Internet Fine Print:

• Must provide documentations listed above
• Fees are subjected to change
• Federal regulations limit certain types of transfers from a money market or saving account to a combined maximum of six per month. If transfers exceed this limit more than occasionally, the bank will convert the account to a type not subject to transfer limits or close the account.

Conclusion:

If you are a current resident looking to start a new banking experience, then definitely check out the promotion from Bank of Internet. For a limited time, simply meet the deposit requirement and you could be enjoying all the great benefits. Additionally, with a host of account features, banking has never been easier. I would definitely recommend this bonus for its low deposit requirement! However, if you are not currently interested, be sure to check out our list of Best Savings Rates for all your saving needs!