Bank Of Internet Advantage Savings Account
The savings account rate is currently at 2.47 percent with an annual percentage yield of 2.50 percent. The minimum opening savings account balance is $100.
The Advantage savings account has a higher yield than the bank's high yield savings account, 2.50 percent vs. 2.06 percent so besure to open an Advantage account. To confuse you even more, Bank of Internet also offers a Money Market Savings Account that currently has a yield of 1.70 percent.
The Advantage account savings rate is tired and is currently the same for savings account balances between $1 and over $100,000. The account doesn't have monthly maintenance fees.
The online savings account also has a "Limited Bill Payment" feature which allow you to by up to three bills per month. Another nice benefit to this savings account is you can view online images of bank statements going back five years. With another bank I recently had to pay a $15 fee to have a savings account statement of six months ago mailed to me.
The savings account is insured by the Federal Deposit Insurance Corporation for up to $250,000. Bank of Internet's FDIC certificate number is 35546
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