Business Banking Products
Choose from a range of terms to best suit your financial strategy. It couldn’t be simpler. These accounts offer liquidity and earning power with competitive rates to ensure maximum savings.
WHAT PEOPLE ARE SAYING
"I needed a low cost, basic business banking package for a new business I started. So far, after 2 months, so good! No problems with depositing checks or using the billpay function. They definitely have the feeling of a startup type of bank, so things may not be as smooth as you expect from a big bank, but they make up for it with low cost and very friendly service."
WHAT PEOPLE ARE SAYING
"I love BofI Federal Bank. This FDIC internet bank is a new standard, thank heavens! I don't have to log in if I don't want to since, of course, they have an automated 800#. Their policies are user friendly and are actually improved regularly. Money Talks so wall street investors also love BofI. At BofI I get to bank the way I want to bank! "
Bank products and services are offered by BofI Federal Bank. All deposit accounts through BofI Federal Bank brands are FDIC insured through BofI Federal Bank. All deposit accounts of the same ownership and / or vesting held at BofI Federal Bank are combined and insured under the same FDIC Certificate 35546
. All deposit accounts through BofI Federal Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and / or vesting at BofI Federal Bank. For more information click here
*The Annual Percentage Yield (APY) is accurate as of . The interest rate and corresponding APY for savings and money market accounts are variable and are set at our discretion. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.
Deposits in interest checking, savings, money market and certificate of deposit accounts at FDIC-insured institutions are insured up to $250,000 per depositor.
1 Important Notice: 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, we will convert the account to a type not subject to transfer limits or close the account. A fee is assessed for each excess transfer paid against the account. A $10 fee is assessed for each excess transfer paid against the account. Unlimited lobby, and ATM withdrawals are permitted. See our Deposit Account agreement and Disclosures for details.
We use the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the daily collected balance in your account. The Collected Balance is the balance of all deposits in your account on which we have received credit for the deposited funds (determined by the availability schedule of our Federal Reserve Bank for non-cash items). All BofI Checking and Savings accounts are variable rate accounts.
See our BUSINESS DEPOSIT ACCOUNT AND ONLINE BANKING AGREEMENT
CDARS® CDs are considered bank deposits. They are not DTC eligible and, currently, no secondary market exists. Early withdrawals are available, but require the payment of a substantial penalty.
You should compare the current rates and features of CDs (including CDs placed through the CDARS® service) to other investment alternatives. Past performance may not be representative of future performance or success.
Limits apply. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the responsibility of the depositor to determine whether the placement of the depositor’s funds through CDARS® or a particular CDARS® transaction satisfies those restrictions. Funds may be submitted for placement only after a depositor enters into a CDARS® Deposit Placement Agreement with our bank. The agreement contains important information and conditions regarding the placement of funds by our bank through CDARS®.
CDARS® is a registered service mark of Promontory Interfinancial Network, LLC.