Bank of Internet Blog

If you’ve been reading the news lately, you may have heard of the recent news on bank troubles. With this in mind we wanted to clear up any questions you have on whether your money is safe.

Is your money safe?? Of course. The FDIC has been around since 1933, with the sole purpose of guaranteeing the money of depositors is safe in times of bank uncertainty. The FDIC steps in and assumes control of banks that are on the edge of serious trouble (and serious trouble is defined as not having enough operating capital to continue to operate as a bank) and guarantees the money is there, up to $100.000 per depositor.

The good thing is you don’t have to worry about any of this at Bank of Internet. Watch this recent report from TheStreet.

Uncertain about your money in other banks? Open a Bank of Internet Checking Account Today and not only have your money be safe but earn one of the highest rates in the country – 3.40% APY! Apply Now!

Bank of Internet is now offering High Interest Checking, a high-yield checking account that allows banking customers to influence their checking account interest rate and earn as much as a 3.40 percent interest rate on checking account balances.

The new High Interest checking account allows Bank of Internet customers to choose the checking account interest rate they receive each month by maintaining a few criteria within their account. The account pays higher interest than any other products in the market, including money market accounts and CDs.

High Interest Checking differs from other checking account products by offering customers dramatically higher interest rates when they meet specific requirements. If requirements are not met during any given month, the customer still receives the high interest rate but they are hit with a small fee. Bank of Internet's checking account is among the highest rates in the country, over 10 times the national average.