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High Yield Savings

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Get High Interest Savings Without The High Fees

With no fees or balance requirements, our High Yield Savings account earns high interest. Open an account now with as little as $100 and you’ll enjoy:

  • A great rate (interest compounded daily)
  • No monthly maintenance fees and no minimum monthly balance. Really!
  • Free Mobile Deposit - Deposit checks instantly 24/7 wherever you and your phone go.
  • Free MyDeposit - Deposit checks instantly from the comfort of your home or office
  • Free FinanceWorks™: Track all your financial accounts, even those at other institutions, all from your Bank of Internet USA Online Banking.
  • Free online banking with free mobile banking, email and text messaging alerts
  • Free ATM card available upon request
  • Free postage-paid envelopes
  • Easy online transfers between your Bank of Internet USA accounts (for example, from your Online Checking to your High Yield Savings).
  • FDIC insured - certificate number 35546
Open An Account


Just wanted to tell you how much I appreciated your patience, professionalism and assistance. Thank you for all your help
Hal | Customer Read More

Find The Online Savings Account That’s Right For You

Which Bank of Internet USA high interest savings account best fits your needs? Compare them side-by-side then open an account online.


High Yield Savings Money Market Savings

No Maintenance Fees

Withdrawal limits apply

Minimum Opening Deposit

$100 $100

Free Online Bill Pay - limited

Free Check Writing - limited

Free Online Check Images


Free Online External Account Transfers

Free Online Internal Account Transfers

Free Mobile Banking

Free Text Banking

Free MyDeposit

Free FinanceWorks

Free Online Statements

Available ATM Card

FDIC Insured

Interest Compounded Daily

No Minimum Balance

Open An Account

Top-Ranked Rates, Just For You

At Bank of Internet USA, we keep overhead costs down to provide you with more free services and competitive rates. That's why Bank of Internet USA customers enjoy competitive savings account rates.


Account APY* Rate
High Yield Savings 0.61% 0.61%


Balance APY* Rate
$1-$9,999 0.75% 0.75%
$10,000-$24,999      0.75% 0.75%
$25,000-$49,999 0.75% 0.75%
$50,000-$99,999 0.75% 0.75%
$100,000 + 0.75% 0.75%
Open An Account

What do you want to know?

Bank of Internet USA is here to make your banking experience as simple and convenient as possible. If you have any questions about the High Yield Savings account, chances are, we’ve answered them here. You can access a more comprehensive list of FAQs by clicking here. Alternatively, you can ask us a question by contacting us here.

What is the difference between a Bank of Internet USA High Yield Savings account and Money Market Savings account?
Click here to see a comparison. In summary, the main differences are the added features of limited check-writing abilities, inter-banking transfer and online Bill Pay functionality for the Money Market Savings account.

What information do I need to open a Bank of Internet USA High Yield Savings account?
You will need the following information to complete an online application:
  • Your social security number along with a valid US driver’s license or state-issued identification
  • Your primary contact information, including mailing address, telephone number(s) and email address
  • The details of the account you are transferring money from to open this account – you will be making your initial deposit electronically.
  • If this is a joint account, we will need the above information for each account owner.
Click here to open an account
How do I fund an account?
An account can be funded in one of the following ways:
  • ACH instructions may be entered into the account application
  • Using Mobile Deposit or MyDeposit services to deposit negotiable items; such as checks, money orders and Cashier Check. Refer to account disclosure for a list of unacceptable items.
  • Have your financial institution initiate a transfer of money to our Bank. The BofI Federal Bank ABA/Routing Number is: 122287251
  • Mail a check to: Bank of Internet USA, P.O. Box 509127, San Diego, CA 92150-9948
  • Wire funds from another institution

Who do I make checks payable to when depositing to my account?
You can make your check payable to Bank of Internet USA or to yourself. In addition you can endorse the back of the check “For Deposit Only” followed by your signature and the account number.
How can I make a withdrawal from my High Yield Savings account?
  • You can transfer funds between Bank of Internet USA accounts using our convenient Online Banking or Mobile banking facilities. We recommend you open a Rewards Checking account for easy transfer and to maximize your rate rewards!
  • You can initiate an electronic withdrawal from another bank
  • You can complete an ATM withdrawal (daily limit $310)
  • Federal law limits the number of withdrawals and transfers from all U.S. savings and money market accounts to 6 transfers per statement cycle. For each transaction that exceeds this limit, a fee will apply
Is there a limit to how many withdrawals I can make from my savings/money market account per statement cycle?
Federal law limits the number of withdrawals and transfers from all U.S. savings and money market accounts to 6 transfers per statement cycle. For each transaction that exceeds this limit, a fee will apply.

What ATMs can I use to withdraw cash?
You can use any ATM nationwide – any brand

What are the ATM/Debit cash daily limits?
  • Cash withdrawal from an ATM using an ATM card - $310.
  • Cash withdrawal from an ATM using a Visa® Debit card - $500.00
  • Point-of-sale transaction using your Visa® Debit card - $1,500.00

Turn everyday purchases into cash
Let us show you how.

Mobile Banking
Learn More

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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.