BofI Federal Bank (BofI)

BofI Federal Bank, commonly known as BofI, is an online bank based in the United States. Founded in 2000, it provides a range of banking services, including savings accounts, certificates of deposit, and loans, primarily through digital platforms. By focusing on online operations, BofI often offers competitive interest rates and lower fees compared to traditional banks with physical branches. It is known for innovative financial technology and caters to both individuals and small businesses, making banking accessible and efficient without the need for in-person visits. BofI is a member of the FDIC, ensuring customer deposits are protected.