Bank of Internet USA, the nationwide brand of BofI Federal Bank, a subsidiary of BofI Holding, Inc. (NASDAQ: BOFI), was named MONEY’s Best Online Bank for 2016-2017. Additionally, MONEY awarded Best Checking Account to Bank of Internet’s Rewards Checking.
MONEY analyzed the 75 largest brick-and-mortar banks and online banks by consumer deposits – based on data from consulting firm Novantas – as well as the 50 biggest credit unions. From almost 800 accounts, MONEY gathered 27,000-plus data points, including account terms, ATM networks, branch hours, mobile-app features, preferential loan rates, and other benefits. For more information regarding the MONEY 2016-2017 Best Banks