*The Annual Percentage Yield (APY) is accurate as of 9/2/2016. 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 for details.
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.