1The Annual Percentage Yield (APY) is accurate as of . The interest rate and corresponding APY for savings is a variable tier structure and is set at our discretion. Tier one structure of $0-$24,999 earns 0.20% APY. Tier two structure of $25,000 + earns 1.00% APY. Must be new funds to receive stated rate. NOTE: “New Funds” is defined as funds that did not originate from another BofI Federal Bank Brand. Interest rates may change as often as daily without prior notice. For a complete list of brands click here. Fees may reduce earnings. We will use the daily balance method to calculate the interest on your account. Interest will begin to accrue on non-cash items (for example, checks) no later than the business day we receive credit for non-cash items deposited. Interest for savings accounts is compounded daily and credited to your account on your monthly statement cycle date.
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. See our Deposit Account agreement and Disclosures for details.