Today Bank of Internet is showing a great 30 year fixed mortgage rate.

While the national average mortgage rates are pushing 4.3% Bank of Internet is showing a 4.125% with an APR of 4.286%.

This advertised rate assumes this is a first mortgage on a primary residence under 80% LTV (Loan to Value).

Is Bank of Internet worth banking with?

Wondering what some customer reviews are like for Bank of Internet?  It is always wise to see the experience others had with financial institutions because although rates might be incredible the hassle sometimes just isn’t worth it.

You make up your mind.

According to MyBankTrackers bank rating Bank of Internet has 2 of 5 stars based on 6 user reviews.

The reviews range from “Good Rates and Features” to  “If the Bank’s President is messed up you better stay away!”.

A common theme withing the reviews is they have great rates, but they are lacking in banking features like easily transferring money.  It also seems they have a fairly strict approval process for new customers.  Some people report getting rejected even with great credit.

Here are some more features with Bank of Internet:

  • The Bank is FDIC Insured.
  • Online Safety Guarantee — Which covers 100% of any losses due break-ins, or funds that are misplaced, lost, or taken out of your account without your authorization. (see fine print below for more details)
  • Rates that consistently beat the national average.

For more information or to check out the fine print click here.

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