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.
Financial Advisors interested in BofI Advisor’s high yield banking products should visit https://www.bofiadvisor.com/Advisors.aspx or contact (866) 923-7114.