BofI Advisor Overhead Cost Savings Trickle Down to Financial Advisors and Their Clients
As an internet based bank, BofI Advisor is able to avoid the high overhead costs suffered by branched networks. Customers of BofI Advisor benefits from these savings through high yield banking products and competitive rates.
BofI Advisor is thus able to provide customers with high interest Select Checking accounts as well as convenience. The earning power of a high-yield banking product and the convenience of BofI Advisor will benefit your clients to the maximum.
Financial advisors often pick Select Savings accounts as interest is compounded daily on balances higher than $10,000 or more. The FDIC insured Select Money Market Savings accounts are available for Select Clients who desire highly competitive rates and liquidity as well as flexibility and possible, but limited accessibility through checks.
For those who want high rates, high returns and almost no market risk can choose Select Certificate of Deposits. These were developed to benefit depositors after they deposit funds for a specific length of time, ranging from three months to five years. Rates increase incrementally per period.