Online banking is becoming very popular because of the convenience and flexibility that comes with it. One can do all all banking transactions without ever having to step out of the house. Most banks today offer this option to the customer and Bank of America is no exception. The Bank of America electronic banking offers many features to its customers to make life easy and simple for them. Users can check their account balances online and there is no need to go the ATM or the local branch for this simple task. It also makes it easy for the customer to manage their financial transactions because they can view every transaction online. The Bank of America online banking even allows users to view their monthly statements online without waiting for the statement to arrive by post.
Bank of America on-line banking allows users to do a whole lot of things other than the traditional banking operations. One can transfer money to family and friends as a gift for occasions like birthday or wedding anniversary. Customers can even sign up for mobile alerts that helps them to know what is happening to their accounts when they are on the move. Bills can be paid online through the online banking system of the Bank of America and this is a great convenience. One can avoid postage and save time with these features. Besides these features, the Bank of America interest rates on various products and services is very competitive and these are some of the reasons many people flock to this bank.
Bank of America is one of the most well-known and reliable banks in the United States today. They offer many kinds of products to their customers and one of the most one set of products is their Certificate of deposits (CDs). There are four different kinds of CDs offered by Bank of America and they are High Yield CD, Risk-free CD, Opt-Up CD and Standard Term CD. Each of these CDs come with their own features and it is up to the customer to decide which is best for him or her, depending on their individual preferences and financial goals. Apart from the features, the Bank of America interest rates on all the CDs is really good.
The current Bank of America CD rates for the Opt-Up CD scheme is 1.00% APY for all balances. The Bank of America certificate of deposit rates on the High Yield CD is 0.80% APY for all balances and the interest rate is 0.40%, in the case of Risk-Free CD. The Bank of America CD rates for a standard term CD is 0.30% for all balances for a term period of 28 to 89 days. The interest rate is 0.35% for all balances fro a period of 90 days to 11 months and it is 0.65% for all balances for a term of 12 months to 17 months. It is 1.11% for a term of 24 to 35 months and 0.85% for a term of 18 to 23 months. The interest rates are 2.01% for a term of 36 to 59 months, 2.51% for a term of 60 to 119 months and 3.51% for a term of over 120 months. These good interest rates are one of the reasons for the popularity of this product.
Bank of America is one of the biggest banks in the US today. They have one of the largest client base and they offer numerous products to meet the needs of individuals and businesses. One of the well-known options for individuals is the savings accounts. There are two kinds of accounts and they are Growth Money Market savings account and regular savings account. Both the savings accounts come with ATM and online banking options. The growth market savings account even comes with a bonus rate. These Bank of America high yield savings accounts come with a lot of flexibility and good interest rates.
The Bank of America interest rates for a Growth Money Market savings account is 0.15% for a balance of less than $10,000. They also offer a 0.40% as bonus rate for customers who set up an automatic transfer of $250 or more from their Bank of America checking account or an automatic transfer of monthly interest payment from a Bank of America CD or a direct deposit of $250 or more. The Bank of America savings account rates for a balance between $10,000 and $25,000 is 0.35% while the bonus rate is 0.60%. The rates for balances from $25,000 to $49,999 is 0.45% and the bonus rate is 0.70%. It is 0.50% for a balance of $50,000 to $499,999 and 0.70% for a balance of over $500,000. The bonus rates for the same amount are 0.75% and 0.95% respectively. In the case of regular savings account, the rate is 0.10% for all balances. These competitive rates are one of the reasons for the popularity of the Bank of America high interest savings accounts.
Bank of America credit cards are very popular due to the rewards that come with it. There are many different credit cards offered by Bank of America and each has its own rewards program. The Bank of America Power Rewards Visa Signature Card comes with a variable APR of 12.99% to 20.99%, depending on the credit score of the individual. There is no annual fee associated with this card and there are many features that come along with this card like the Bank of America credit card travel rewards. The other Bank of America credit card rewards for this card include triple reward points on gas, grocery and other purchases. BankAmericard Cash Rewards Visa Signature card is a credit card that allows users to redeem for a check, statement credit, direct deposit or even the Bank of America mortgage amount. The Bank of America interest rates on this card is also 12.99% to 20.99% variable APR.
Student Visa Platinum Plus is a card for students in a university and the Bank of America credit card rates on this card is 14.24% variable APR. Upromise World MasterCard is another credit card offered by Bank of America and this card gives the option to save for college and to pay for educational expenses. The interest rates are 12.99% to 20.99% variable APR. The BankAmericard Visa Card offers a great introductory APR of 10.99% to 19.99%. There is another credit card called BankAmericard Visa Fully Secured Card that helps users to build their credit history and the interest is 18.24% variable AR along with an annual fee of $39. These credit cards are very popular because of the rewards and convenience that come with it.
Here at Bank Rate Info we aim to be constantly updated with the Bank of America savings rates (one of America’s top leading banks). Here in this post, we will be focusing on the updates in the Bank of America Money Market Rates.
As we all know, the Bank of America constantly thrives to beat its competitors in Annual Percentage Yields however to prove how successful they have been, one can only do this by comparing their rates. There is a new Money Market Savings account in Bank of America known as the ‘Growth Money Market Savings’ promising a better outreach to all their previous customers based in the ordinary Money Market Savings account.
The Growth Money Market Savings account promises no monthly maintenance fee when linked to a Bank of America Advantage with Tiered Interest Checking or Preferred™ with Tiered Interest Checking or as an alternative, to maintain a minimum daily balance of at least $5,000 in your account. If not, the monthly maintenance fee is at $10.
The Annual Percentage Yield standard rates are as follows: With a balance from $0-$9,999 the rate is at 0.15%, from $10,000 to $24,999 the rate is at 0.35%, from $25,000-$49,999 it is at 0.45%, from $50,000-$499,999 it is at 0.50%, from $500,000 to $2,499,999 the rate is at 0.70%. All are for standard rates only.
The APY for standard rates with bonus are as follows: With a balance from $0-$9,999 the rate is at 0.40%, from $10,000 to $24,999 the rate is at 0.60%, from $25,000-$49,999 it is at 0.70%, from $50,000-$499,999 it is at 0.75%, from $500,000 to $2,499,999 the rate is at 0.95%. All are for standard rates only. Bonus interest rates can be earned in your Growth Money Market Saving account when any of the following is done: an automatic transfer of $250 or more from you Bank of American checking account is sent to your Growth Money Market Saving account, an automatic transfer of the monthly interest payment from your Bank of America CD or a direct deposit of $250 or more into your Growth Money Market Saving account.
Tags: Bank of America Interest Rates, bank of america money market rates (use twice), Bank of America savings account rates
