1 The above Interest Rates (Rates) and Annual Percentage Yield (APY) is accurate as of . The interest rate and corresponding APY for Select Savings is variable and set at our discretion. Interest rates may change as often as daily without prior notice. Fees may reduce earnings
We use the daily balance method to calculate the interest in your account. This method applies a daily periodic rate to the daily collected balance in your account. The Collected Balance is the balance of all deposits in your account on which we have received credit for the deposited funds (determined by the availability schedule of our Federal Reserve Bank for non-cash items). All BofI Advisor Checking and Savings accounts are variable rate accounts. Time Deposit rates are fixed for the term of the certificate. Time Deposits require a substantial penalty for early withdrawal. Please refer to the Deposit Account Agreement and Disclosure for further information.
2 Federal regulations limit certain types of transfers from a money market or saving account to a combined maximum of six combined debit transactions (checks, ACH debits) per month. ATM not included in 6 withdrawals limit. 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.