Online Checking Accounts
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Compare Our Online Checking Account Against the Competition!
With the Bank of Internet high interest checking account, you don’t have to sacrifice convenience to get a high interest rate. We provide you the access and convenience of checking with the earning power of savings. See below how our online checking account stacks up against the competition.
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Bank of Internet |
Citibank Everything Counts® |
Chase Better Banking® |
BofA Tiered Checking |
APY |
3.40% APY |
0.25% APY |
0.01% APY |
0.05% APY |
ATM Refunds |
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YES w/Restrictions |
NO |
NO |
Free Bill Pay |
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Initial Checks Free |
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YES w/Restrictions |
NO |
NO |
Free Check Imaging |
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NO |
NO |
Free ATM Card |
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PLEASE READ THE IMPORTANT DISCLOSURES BELOW
This account requires a $500 minimum deposit to open. There is a monthly maintenance fee if the average daily balance
is $4,999 or below of $7.50 per month. This is a variable rate account and your interest rate and annual percentage
yield may change daily. We use the average daily balance method to calculate the interest on your account. This method
determines the average balance by adding the full amount of principal in the account for each day within the statement
period and dividing that figure by the number of days in the statement period. Interest begins to accrue on the business
day you deposit noncash items (for example, checks). Interest for the account is compounded daily and credited to your account
on your monthly statement cycle date.
* Competitive information obtained from www.citi.com, www.hsbc.com, www.bankofamerica.com, www.chase.com using checking account rates as of 6/30/2008. Rates assume balance of $2500+.
