Deposits in your Bank of Internet savings account are fully FDIC insured, so your money is absolutely safe when you invest your funds in a Bank of Internet account.

The Bank of Internet online savings account has no maintenance fees, so it’s a great opportunity to earn a high interest rate with a free online bank account.

There are no monthly maintenance fees for this Bank of Internet account, plus there are no minimum balance requirements and no direct deposit requirements to avoid fees or to earn the great interest rate.

There is a $100 minimum opening deposit requirement, but once you open your account, you are not required to maintain a minimum balance thereafter to avoid fees or to earn the high APY.

The Bank of Internet High Yield Savings Account provides free online statements, and an ATM card is also available if needed.

You can also open this online savings account in conjunction with a free High Interest Checking Account from Bank of Internet for easy transfers between Bank of Internet accounts.

Check out our Bank of Internet Review for more details on Bank of Internet online banking services including money market accounts and CDs as well as home equity loans and home mortgage refinancing.

Then compare the Bank of Internet savings account with other High APY Online Bank Rates before opening this fee-free online bank account.

Open a High Yield Savings Account from Bank of Internet today to take advantage of the high interest rate with no fees for online banking.