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May
18

Bank of America Money Market Rates Update

When we last looked at Bank of America money market interest rates, there were some compelling offers in both money market and regular savings account rates.  We at Bank Rate Info figured it was time to bring you up to date again on those rates and offers.

We’ll look at the Bank of America money market interest rates first, then savings.  Bank of America money market rates (listed by annual percentage yield, or APY) are tiered by deposit amount, with a fee if your balance falls below $5,000.  We’ll look at the tiers up to a $100,000 deposit for Bank of America rates:

  • $0 – $24,999 = 0.50% APY
  • $25,000 – $49,999 = 0.65% APY
  • $50,000 – $99,999 = 0.75% APY
  • $100,000 – $499,999 = 0.85% APY

These are competitive money market yields, for sure.  For Bank of America bank account rates for savings, all balances receive 0.10% APY.  These Bank of America rates are available for balances in savings accounts over $300, so they’re easy to get into.

All Bank of America accounts are FDIC insured and these rates can change quickly.  So if you’re interested in any of these Bank of America interest rates, be sure to get your account opened now.

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